Now, more people – and a higher proportion of the jobless – are receiving unemployment aid than in any past recovery, according to data that extends to the late 1960s.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
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Posted inBusiness
Shoppers go back to stores, but retailers face challenges
Retailers from Walmart to Macy’s are seeing an eager return to their stores after more than a year of their customers migrating online during the pandemic.
Posted inBusiness, Maine
Memorial Day weekend promises return of heavy traffic to Maine roads
Travel analysts predict a huge rebound from a year ago, when strict quarantine rules and closed hotels, restaurants and campgrounds kept many would-be travelers at home.
Posted inBusiness, Maine, News
Initial state jobless claims hit pandemic low in Maine
Just over 1,000 initial claims for state unemployment aid were filed last week, the lowest number since businesses closed and Maine went into lockdown last year.
Posted inBusiness, Nation & World, News, Politics
Biden tells Republicans: ‘Don’t get in the way’ of infrastructure plan
Republicans have rejected President Biden’s proposed corporate tax increase to pay for new investments, and instead want to shift unspent COVID-19 relief dollars to help cover the costs.
Posted inBusiness, Nation & World, News
U.S. pipelines ordered to increase cyber defenses after hack
Pipeline companies, which until now operated under voluntary guidelines, could face financial penalties if they fail to comply with the Biden administration security directive.
Posted inBusiness, Maine, News, Politics, Schools and Education
Maine school boards and superintendents oppose bill to create binding arbitration
The proposed legislation would allow public employees to strike if their employer failed to carry out the arbitrator’s determinations.
Posted inBusiness, Nation & World
Ford says electric vehicles to be 40% of its global sales by 2030
Much of the sales target will come from Europe, where the company has pledged to convert its entire passenger vehicle lineup to electric power by that year.
Posted inBusiness, Nation & World
Bezos will pass baton to new Amazon CEO on July 5
Andy Jassy will take over on that date, which is the anniversary of the company’s incorporation in 1994.