But a shrinking labor market could increase wages and productivity, and an upswing in migration to the state could ease job losses, according to a new state analysis.
maine economy
Posted inEditorials, Opinion
Our View: Cold storage could heat up international trade in Maine
The Portland Planning Board will consider a project that has statewide economic impact.
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Posted inBusiness, Local & State
Transportation business in Maine still running on empty, months into pandemic
Air, bus and rail passenger volumes are minuscule compared with last year as most consumers continue to avoid long-distance trips and mass transit.
Posted inEditorials, Opinion
Our View: Alfond grants are a bet on Maine’s future
A massive philanthropic commitment gives the state a chance to build its future.
Posted inBusiness, Local & State
Harold Alfond Foundation pledges $500 million to boost Maine economy
A series of massive donations that is intended to strengthen the state’s science and technology education includes major investments in Portland.
Posted inBusiness, Local & State
Maine construction industry remains strong amid economic downturn
The state fared better than other parts of the country, but what the future holds is uncertain.
Posted inOp-Eds, Opinion
Retail Association of Maine CEO: Patience, planning needed this holiday season
To save time and money and reduce stress, shop locally, shop on less-busy days – and if you really like it, grab it while it’s still in stock.
Posted inBusiness, Local & State
Maine reports increase in residents filing new unemployment claims
The number of people filing initial claims for jobless benefits is heading back up after weeks of decline this summer.
Posted inEditorials, Opinion
Our View: Congress seems to be courting a long recession
The House has a bipartisan COVID relief package, but Senate Republicans have failed to grasp the moment’s urgency.
Posted inBusiness, Local & State
Severe recession, without aid, could shrink Maine government revenue for years
Severe economic effects of the coronavirus pandemic could linger for years, based on a recent ‘stress test’ conducted by state analysts.