Employers added a robust 678,000 jobs, the largest monthly total since July, and the unemployment rate dropped to 3.8% from 4% in January.
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Posted inBusiness, Local & State
Maine reports stronger hiring, lower jobless rate in December
The state added about 1,800 jobs and unemployment fell to 4.7%, Maine’s lowest rate since the coronavirus pandemic began.
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Posted inBusiness
Normalizing but not back to normal: The U.S. job market in 2022
Economists are hopeful that – if the virus is under control – labor supply will start to normalize later this year.
Posted inBusiness, Local & State, News
Maine records slight job gains in October as labor crunch continues
The state gained about 900 jobs last month, marking continued sluggish growth in a competitive labor market.
Posted inBusiness, Nation & World
Americans quit their jobs at a record pace in August
The jump in people quitting their jobs strongly suggests that fear of the delta variant is partly responsible for the shortfall in workers.
Posted inBusiness, Local & State, News
Inflation to push Maine’s minimum wage up to $12.75 in 2022
The lowest legal wage for most workers will go up 60 cents an hour, reflecting rising inflation and a competitive labor market.
Posted inBusiness, Nation & World, Politics
Biden woos working class with new ‘buy American’ efforts
Democrats’ political prospects next year might hinge on whether the president succeeds in reinvigorating a sector that has steadily lost jobs for more than 4 decades.
Posted inBusiness, Nation & World
U.S. job openings rise to record high, layoffs hit record low
U.S. employers posted a record-high number of open jobs for the second straight month as a rapidly rebounding economy has created an intense demand for workers.
Posted inBusiness, Local & State, Schools and Education
Job market shows signs of improvement for Class of 2021
The hiring outlook is better than last year, but the job search process has changed and new graduates are preparing to step into workplaces that still look different due to the pandemic.
Posted inBusiness, Local & State
Maine’s job recovery continues in February
The state added 2,800 jobs last month, and the statewide unemployment rate slipped to its lowest point in five months.