diff --git a/.semversioner/next-release/patch-20240917052141574161.json b/.semversioner/next-release/patch-20240917052141574161.json
new file mode 100644
index 00000000..8c3f6509
--- /dev/null
+++ b/.semversioner/next-release/patch-20240917052141574161.json
@@ -0,0 +1,4 @@
+{
+  "type": "patch",
+  "description": "Improve logging."
+}
diff --git a/graphrag/config/defaults.py b/graphrag/config/defaults.py
index 4d648914..f67518bc 100644
--- a/graphrag/config/defaults.py
+++ b/graphrag/config/defaults.py
@@ -74,7 +74,7 @@ NODE2VEC_WINDOW_SIZE = 2
 NODE2VEC_ITERATIONS = 3
 NODE2VEC_RANDOM_SEED = 597832
 REPORTING_TYPE = ReportingType.file
-REPORTING_BASE_DIR = "output/${timestamp}/reports"
+REPORTING_BASE_DIR = "output/${timestamp}/logs"
 SNAPSHOTS_GRAPHML = False
 SNAPSHOTS_RAW_ENTITIES = False
 SNAPSHOTS_TOP_LEVEL_NODES = False
diff --git a/graphrag/index/init_content.py b/graphrag/index/init_content.py
index c63a6578..18646ca7 100644
--- a/graphrag/index/init_content.py
+++ b/graphrag/index/init_content.py
@@ -54,15 +54,12 @@ embeddings:
     # max_retry_wait: {defs.LLM_MAX_RETRY_WAIT}
     # sleep_on_rate_limit_recommendation: true # whether to sleep when azure suggests wait-times
     # concurrent_requests: {defs.LLM_CONCURRENT_REQUESTS} # the number of parallel inflight requests that may be made
-    
-  
-
 
 chunks:
   size: {defs.CHUNK_SIZE}
   overlap: {defs.CHUNK_OVERLAP}
   group_by_columns: [{",".join(defs.CHUNK_GROUP_BY_COLUMNS)}] # by default, we don't allow chunks to cross documents
-    
+
 input:
   type: {defs.INPUT_TYPE.value} # or blob
   file_type: {defs.INPUT_FILE_TYPE.value} # or csv
diff --git a/graphrag/index/llm/load_llm.py b/graphrag/index/llm/load_llm.py
index 264229c8..f321d767 100644
--- a/graphrag/index/llm/load_llm.py
+++ b/graphrag/index/llm/load_llm.py
@@ -77,7 +77,6 @@ def load_llm_embeddings(
             raise ValueError(msg)
         if cache is not None:
             cache = cache.child(name)
-
         return loaders[llm_type]["load"](on_error, cache, llm_config or {})
 
     msg = f"Unknown LLM type {llm_type}"
diff --git a/graphrag/index/reporting/blob_workflow_callbacks.py b/graphrag/index/reporting/blob_workflow_callbacks.py
index ea80daef..59dc6e8b 100644
--- a/graphrag/index/reporting/blob_workflow_callbacks.py
+++ b/graphrag/index/reporting/blob_workflow_callbacks.py
@@ -78,7 +78,7 @@ class BlobWorkflowCallbacks(NoopWorkflowCallbacks):
         blob_client = self._blob_service_client.get_blob_client(
             self._container_name, self._blob_name
         )
-        blob_client.append_block(json.dumps(log, ensure_ascii=False) + "\n")
+        blob_client.append_block(json.dumps(log, indent=4, ensure_ascii=False) + "\n")
 
         # update the blob's block count
         self._num_blocks += 1
diff --git a/graphrag/index/reporting/file_workflow_callbacks.py b/graphrag/index/reporting/file_workflow_callbacks.py
index 5f43e793..0115de01 100644
--- a/graphrag/index/reporting/file_workflow_callbacks.py
+++ b/graphrag/index/reporting/file_workflow_callbacks.py
@@ -42,6 +42,7 @@ class FileWorkflowCallbacks(NoopWorkflowCallbacks):
                     "source": str(cause),
                     "details": details,
                 },
+                indent=4,
                 ensure_ascii=False,
             )
             + "\n"
diff --git a/graphrag/index/reporting/load_pipeline_reporter.py b/graphrag/index/reporting/load_pipeline_reporter.py
index 0386ea03..3f3082dc 100644
--- a/graphrag/index/reporting/load_pipeline_reporter.py
+++ b/graphrag/index/reporting/load_pipeline_reporter.py
@@ -24,7 +24,7 @@ def load_pipeline_reporter(
     config: PipelineReportingConfig | None, root_dir: str | None
 ) -> WorkflowCallbacks:
     """Create a reporter for the given pipeline config."""
-    config = config or PipelineFileReportingConfig(base_dir="reports")
+    config = config or PipelineFileReportingConfig(base_dir="logs")
 
     match config.type:
         case ReportingType.file:
diff --git a/graphrag/llm/base/base_llm.py b/graphrag/llm/base/base_llm.py
index 66f1919c..65fffd1b 100644
--- a/graphrag/llm/base/base_llm.py
+++ b/graphrag/llm/base/base_llm.py
@@ -7,6 +7,7 @@ import traceback
 from abc import ABC, abstractmethod
 from typing import Generic, TypeVar
 
+from openai import RateLimitError
 from typing_extensions import Unpack
 
 from graphrag.llm.types import (
@@ -52,6 +53,10 @@ class BaseLLM(ABC, LLM[TIn, TOut], Generic[TIn, TOut]):
         try:
             output = await self._execute_llm(input, **kwargs)
             return LLMOutput(output=output)
+        except RateLimitError:
+            # for improved readability, do not log rate limit exceptions,
+            # they are logged/handled elsewhere
+            raise
         except Exception as e:
             stack_trace = traceback.format_exc()
             if self._on_error: