Business Notebook: National jobless rate remains at lowest level in six years

The Associated Press reported Friday that the jobless rate in the U.S. was 5.8 percent for the second month in a row and that 2014 is on track to be the best year for job growth since 1999. A November jobs report showed a 321,000-jobs gain during the month, which was the largest jump in almost three years. The unemployment rate is at a six-year low. Friday's report, according to the Associated Press story, also raised hopes that Americans' pay might finally be starting to increase after barely budging since the recession began seven years ago. The average hourly wage rose 9 cents to $24.66, the biggest gain in 17 months.

Isle of Capri reports latest earnings

Isle of Capri's latest company earnings were released Tuesday, showing gains in net revenue in Missouri. A continued focus on improving profitability at the company's newest properties, of which Isle Casino Cape Girardeau is one, showed positive results, according to a release from Isle of Capri. Adjusted EBITDA -- or earnings before interest, taxes, depreciation and amortization -- improved 51 percent year over year at Cape Girardeau, according to the release. Net revenue and adjusted EBITDA at Cape Girardeau increased $1.8 million and $800,000, respectively, while the company's Kansas City and Cauthersville casinos also experienced gains. The company's Boonville casino had an "almost flat" adjusted EBITDA, according to the release.

Pepsi opens operations office

Pepsi Mid-America has opened a Cape Girardeau operations office ahead of a new distribution center and office in the Greater Cape Girardeau Business Park near Interstate 55. The new center, which is under construction, will open in 2015 and is expected to bring about 70 jobs to the area. Tom Kelsey, a commercial broker with Lorimont Place, said in a news release that Pepsi has leased office space at 1021 Kingsway Drive, which will serve as a human resources and hiring office until the new facility opens.

Jackson chamber to hold banquet

The Jackson Area Chamber of Commerce and Jackson Industrial Development Company will hold its annual banquet Jan. 16. the banquet is sponsored by Perryville's Robinson Construction, Jackson's Liberty Utilities and others. The banquet opens at 5:30 p.m. at Bavarian Halle. Seating is limited and tickets may be purchased by calling 243-8131. Tickets cost $25 per person.

Columbia council approves 'ban the box'

COLUMBIA, Mo. -- The Columbia City Council last week unanimously approved an ordinance that will prohibit employers from asking on applications whether a job seeker has a criminal record, according to an Associated Press story. The ordinance, known as "ban the box," also prohibits businesses from conducting background checks until a conditional job offer is made. It includes exceptions for certain positions that bar employees with certain types of criminal convictions. Some business leaders objected to the ordinance, especially the delay in background checks. Supporters said the ban gives ex-offenders a better chance at a job, which reduces recidivism.

eragan@semissourian.com

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