More Data suggesting Weakness in Maine’s Labor Market

WHILE some labor market indicators for the state continue to improve, other data points to continuing weakness in Maine’s labor market.  While the unemployment rate for the state continued to decline, and the employment-population ratio remains relatively strong, the quality of jobs being created is weak.

As MECEP highlighted last month, Maine has the 5th highest percentage of part-time workers who want to work full-time in the country.  Involuntary part-time work is an indication of economic weakness, and often results in workers holding multiple jobs in order to supplement their incomes.  Data released today by the BLS comports with the data compiled by MECEP, which shows that in 2013 Maine had the third highest multiple job-holding rate in the country, behind Vermont and South Dakota:

–National – 4.9%

–Northeast – 4.8%

–New England – 6.0%

–Maine – 8.6%

MJR

John Haskell

About John Haskell

John graduated from the University of Southern Maine with a degree in Political Science, and from the University of Maine School of Law. He has worked in both the public and private sectors, and currently, works with a small business services company in the Mid-Coast area.