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 […]
A previous looked at the recently released Quarterly Census Employment Wages data. That data, released by the BLS, breaks down average wages for every county in the country by industry. It’s a useful data point, but some comments I read on-line noted that the average is not the best metric to measure wages, and instead […]
JUST released from the BLS. First from the household survey: Both the unemployment rate (6.2 percent) and the number of unemployed persons (9.7 million) changed little in July. Over the past 12 months, the unemployment rate and the number of unemployed persons have declined by 1.1 percentage points and 1.7 million, respectively. And from the […]
ON the back of Darren Fishell’s recent post on the BLS’s recently released wage data for 2013 for all counties in the U.S., below is a breakdown of average annual wages for all counties in New England. As a state, Maine ranks 46th nationally, however, delving into the data reveals where Maine sits relative to its […]
FROM the Philly Fed: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for June 2014. In the past month, the indexes increased in 42 states, decreased in three, and remained stable in five, for a one-month diffusion index of 78. Over the past three months, the indexes increased […]
AS noted previously, the national jobs report was released this morning by the Bureau of Labor Statistics. Overall, the jobs report was positive, with the economy creating 288,000 jobs; well above projections of roughly 210,000. This was the fifth consecutive month of job creation above 200,000, the first time that has happened since the tech […]
From BLS: From the population survey: In June, the unemployment rate declined by 0.2 percentage point to 6.1 percent. The number of unemployed persons decreased by 325,000 to 9.5 million. Over the year, the unemployment rate and the number of unemployed persons have declined by 1.4 percentage points and 2.3 million, respectively. The number of […]
FROM the BLS: Regional and state unemployment rates were generally little changed in May. Twenty states had unemployment rate decreases from April, 16 states had increases, and 14 states and the District of Columbia had no change, the U.S. Bureau of Labor Statistics reported today. Forty-nine states and the District of Columbia had unemployment rate […]
THE national jobs report for May was released yesterday by the BLS, which has given pundits, economists, and others plenty of time to sift through the data and generate a discussion. First, the usual caveats. The jobs report is comprised of two monthly surveys and subject to subsequent revisions. This means the data is both […]
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