The health care and social assistance sector saw the biggest increases in new workers amid a labor shortage that has caused a crisis in access to health care.
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Posted inBusiness, News
About 100 employees affected as Rumford paper mill makes ‘key operational changes’
ND Paper issues ‘temporary layoffs’ to some workers as a papermaking machine is shutdown due to ‘market-related downtime.’
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Posted inBusiness, Nation & World, News
U.S. employers add strong 216,000 jobs in sign of continued economic strength
Friday’s report from the Labor Department showed that December’s job gain exceeded the 173,000 that were added in November.
Posted inBusiness
U.S. applications for jobless benefits rise, but labor market remains solid
Overall, 1.88 million Americans were collecting jobless benefits during the week that ended Dec. 16 – an increase of 14,000 from the previous week.
Posted inBusiness, Nation & World, News
Congressional Budget Office projects lower inflation, higher unemployment over next 2 years
The office’s Current View of the Economy from 2023 to 2025 report estimates that the unemployment rate will rise to 4.4% by the end of 2024.
Posted inBusiness
Employers add 199,000 jobs; unemployment falls, signaling sturdy labor market
The November job gain was a reminder that many employers continue to hire.
Posted inBusiness, Nation & World, News
U.S. job openings fall to lowest level since March 2021 as labor market cools
U.S. employers posted 8.7 million job openings in October, in a sign that hiring is cooling in the face of higher interest rates yet remains at a still-healthy pace.
Posted inBusiness, Local & State, News
Maine could end 2023 with the lowest annual unemployment rate in its history
Many economic challenges remain, however, including a statewide housing crisis, increased homelessness, inflation, higher costs of living and an ongoing workforce shortage.
Posted inBusiness, Nation & World, News
U.S. employers added a surprisingly strong 336,000 jobs in September
It’s an unexpectedly strong gain that suggests many companies remain confident enough to keep hiring despite high interest rates and a hazy outlook for the economy.
Posted inBusiness, Nation & World
Applications for unemployment benefits fall to lowest level in 7 months
Recent government data also showed that job openings dropped to 8.8 million in July, the fewest since March 2021 and down from 9.2 million in June.