Hiring was weighed down by job losses in the manufacturing, retail trade and information sectors.
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Posted inBusiness, Local & State
Summer jobs show us a piece of the good life in Maine
From camp counselors to museum curators to farm hands, we take a look some of the best summer jobs Maine has to offer.
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Posted inBusiness, Nation & World
Weak U.S. hiring slams global markets, with Dow plunging as unemployment climbs
Friday’s report from the Labor Department showed that employers added 35% fewer jobs in July than forecasters had expected – and that unemployment, now up to 4.3%, is the highest since October 2021.
Posted inBusiness
U.S. employers add solid 206,000 jobs in sign of continued economic strength
Despite consistent hiring, relatively few layoffs and gradually cooling inflation, many Americans have been exasperated by still-high prices.
Posted inBusiness, Nation & World, News
Promotions are becoming rarer, blocking entry-level workers from even starting
A main feature of the 2024 labor market is that fewer workers are quitting. A lesser-known one is that fewer are getting promoted.
Posted inBusiness, Nation & World, News
U.S. hiring and wage growth picked up in May in sign of sustained economic health
America’s employers added a strong 272,000 jobs in May, a sign that companies are still confident enough in the economy to keep hiring.
Posted inBusiness, Nation & World
Job seekers brave AI bots, interviewing nightmares in tougher labor market
To deal with a higher volume of applications, some employers are trying to get through early interviews faster by avoiding real-life conversations altogether.
Posted inBusiness, Local & State, News
Subsidized heat pump installation is driving growth of clean energy jobs in Maine
Maine’s ‘clean energy economy’ accounted for 15,000 jobs at the end of 2022, posting stronger growth than the economy generally, according to a study commissioned by the Governor’s Energy Office.
Posted inBusiness
U.S. employers scaled back hiring in April. How that could let Fed cut interest rates
The Fed has been delaying any consideration of interest rate cuts until it gains more confidence that inflation is steadily slowing.
Posted inBusiness, Local & State, News
Mills hopes money for Maine ‘co-working’ businesses will help bring, keep remote workers
Eleven communal office companies – including 6 in southern Maine – were awarded a total of $500,000 as part of the Maine Jobs and Recovery Plan.