Tag Archives: Maine

In Maine, Coincident Index slows, but job growth remains strong

From the Philadelphia Fed: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for September 2014. In the past month, the indexes increased in 43 states, decreased in four, and remained stable in three, for a one-month diffusion index of 78. Over the past three months, the indexes increased in […]

Do Colleges and Universities Increase Their Region’s Human Capital?

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TO follow up two previous posts regarding job growth and educational attainment.  Succinctly, increasing the educational attainment of a workforce alone will not boost job growth unless there is adequate demand for labor is there.  To reinforce that, the following is the abstract from a 2011 paper authored by Jaison Abel and Richard Deitz (my emphasis): […]

What’s not surprising about the Unemployment Rate

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IN doing some research for my piece on the weaknesses masked by Maine’s unemployment rate (UER), I noticed two interesting things about the UER.  These two things should be kept in mind during the current campaign season. The state’s economy is certainly one of the central issues in the campaign season, and with that candidates […]

Greater Portland leads Maine’s metro areas in job growth

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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 […]

The (false) promise for jobs

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FROM an op-ed titled A promise to grow jobs, shrink government that no Maine politician is making, authored by Allison Mitchell and published in this morning’s BDN: In just a month, America votes. Here in Maine, I’ll be looking for candidates smart and bold enough to call for investment in Maine’s future. As a parent, […]

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

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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. […]

Lies, Damned Lies, and Maine’s Unemployment Rate

Maine U-3 and U-6

THERE’S been much debate about the state’s economy and labor market.  While both continue to improve following the depths of the recession, some have suggested that the labor market is struggling as evidenced by the state’s slow growth rates relative to the rest of the nation.  However, this argument is flawed because the state-to-state or […]

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

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From the Philadelphia Fed: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for Augsut 2014. In the past month, the indexes increased in 39 states, decreased in six, and remained stable in five, for a one-month diffusion index of 72. Over the past three months, the indexes increased in 47 states, […]