Tag Archives: Maine

Philadelphia Fed predicts economic growth for Maine over the next 6 months

7-14 leading index

FROM the Philadelphia Fed: The Federal Reserve Bank of Philadelphia has released the leading indexes for the 50 states for July 2014. The indexes are a six-month forecast of the state coincident indexes (also released by the Bank). Forty-five state coincident indexes are projected to grow over the next six months, while five are projected […]

Maine wages level off from 2013 – 2014

wages

THE Center for Workforce Research and Information released average weekly wage data for the first quarter of this year for Maine.  Overall, wages leveled off from Q1 2013 to Q1 2014, with real wages for all industries declining $1.40, and real wages for service providing industries and goods producing industries declining $1.59 and $2.56, respectively. […]

Maine’s Coincident Index for July shows economy continuing to improve

July CI

From the Philadelphia Fed: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for July 2014. In the past month, the indexes increased in 41 states, decreased in five, and remained stable in four, for a one-month diffusion index of 72. Over the past three months, the indexes increased in 47 states, […]

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 […]

Involuntary part-time work up during the recovery

PTE 2010 to 2014

There’s been a lot of discussion, criticism, and defense to Gov. Paul LePage’s economic record thus far.  One of the larger criticisms is that while the state’s unemployment rate continues to dip, as noted by some, Maine has the 5th highest rate of involuntary part-time work. (click images to enlarge) Unsurprisingly, that rate has increased since the […]

Just how low are wages in Maine? (w/ one update)

QCEW 2013

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 […]