Tag Archives: Maine

State’s economy continues to improve, still plenty of slack in the labor market

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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 […]

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

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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 […]

June Jobs Report: The Good, the Bad, and the Ugly

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 […]

How did the Skills Gap descend so quickly?

“The structure of a modern economy does not change that quickly. The demographic composition of the labor force, its educational breakdown and even the industrial mix did not differ much between 2007 and 2009.” -Edward Lazear WHILE doing some research on a post re: the skills gap in Maine, I came across something rather interesting.  […]

Boomers Comprise Larger Percentage of Maine Workforce

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AN analysis done by Economic Modeling Specialists International and Career Builder (the site has an interactive map that I cannot properly embed here) examined the change in employment levels for millennials and baby-boomers in the nation’s 175 metro areas.  The analysis found that boomers are comprising a larger percentage of the workforce, while employment for […]

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

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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 […]

Maine Unemployment Rate Unchanged

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 […]