Everything from housing and industry booms to fewer job-seekers and the state’s status as the oldest in the nation has contributed to a run of low jobless rates, experts say.
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Posted inBusiness, Local & State, News
Job openings in Maine are dropping, signaling return to ‘normalcy’
But experts say the trend could be short-lived.
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Posted inBusiness, Local & State, News, Politics
Uncertainty over tariffs fuels fears of a recession in Maine and beyond
Economists say Maine is likely to fare similarly to the rest of the country, or perhaps marginally better, during a possible economic downturn.
Posted inBusiness, Local & State, News
Unemployment rises slightly in Maine urban zones
That tracks with a slight increase in unemployment statewide, which rose from 2.6% in September to 2.9% in October.
Posted inBusiness, Nation & World
Hiring slowed sharply in final month before election amid hurricanes, strikes
The a low unemployment rate suggests that the labor market is still fundamentally healthy, if not as robust as it was early this year.
Posted inBusiness, Nation & World
Fewer Americans filed for jobless benefits last week
But applications remain at slightly elevated though not troubling levels.
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 inLocal & State
Maine unemployment rate holds steady in April
The preliminary rate for last month is 3.1%, down slightly from March, the Maine Department of Labor reports.
Posted inBusiness, Local & State, News
Maine unemployment rate holds steady at 3.3%
The Maine Department of Labor reports little change in job market conditions in March, with non-farm jobs reaching the second-highest number on record.