Louisiana's unemployment trust fund is facing a serious shortfall. Louisiana Work Force Commission Secretary Ava Dejoie says "we never thought we would talk about the fund going bankrupt, but we are now talking about the trust fund going bankrupt."
First-time claims for unemployment benefits dropped slightly last week from the previous week, but it was a 21 percent increase from a year ago. The Louisiana Workforce Commission reported 3,308 initial claims, down 52 from the previous week.
Stocks whipped from positive to negative territory throughout the day even as storm clouds are forming over the European Union summit this weekend to purportedly solve all of the Continent's problems. Mark Lasseigne has more on today's Acadiana Business Index.