Tag Archives: BEA

Greater Portland leads Maine’s metro areas in job growth

ACCORDING to data released by the Bureau of Labor Statistics this morning, the Portland-South Portland-Biddeford area was the only metro area to outpace the state in job growth over the past year. From the report: Unemployment rates were lower in August than a year earlier in 322 of the 373 metropolitan areas, higher in 44 […]

Maine’s personal income growth for second quarter on par with New England, Nation

THE Bureau of Economic Analysis released State Quarterly Personal Income figures for the second quarter of this year.  Maine’s personal income grew from the first quarter to the second of this year by 1.5%, with net earnings* (0.8 percentage points), dividends, interest, and rents (0.3 pp), and transfer receipts** (0.4 pp) making up that increase. […]

How do Maine’s Metro Areas do in attracting College Grads?

WHILE the evidence of a skills gap in Maine remains questionable at best, the state does face longer-term structural problems regarding its aging population.  While the aging population is not the primary problem with the current state of Maine’s economy and labor market, these long-term problems cannot be ignored either.  In order to replace the […]

Maine Jobs Report, Personal Income Data, and Coincident Index: Cautious Optimism

LAST week, the jobs data published by the Bureau of Labor Statistics showed that Maine’s unemployment rate remained unchanged at 5.7%, but that the economy 4,900 jobs.  While these numbers indicate steady growth, there are reasons the data should call for cautious optimism. First, the 4,900 jobs were the single biggest month-over-month increase during the […]

Friday Chart(s): Economy contracts, slow growth persists. Does it matter?

THE Bureau of Economic Analysis released its second estimate of economic growth in the U.S. for the first quarter, revealing that GDP was down 1%.  This latest release comports with the anemic economic recovery as well as the decade and a half of tepid economic growth: And of course, most of the responses both to […]