With prices at the pump hovering above $4.70 a gallon, travelers and residents alike plan to take to the road for the traditional start of Maine’s peak tourism season.
economy
Posted inBusiness, Local & State
Maine unemployment rate hits pandemic low of 3.3%
The state’s jobless rate in April was the lowest in two years, and the number of jobs was nearly back to the pre-pandemic level.
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Posted inTimes Record
Gov. Mills calls for housing expansion during Bath visit
Gov. Janet Mills discussed labor, housing and inflation with local business owners during a visit to Bath Monday afternoon.
Posted inOp-eds, Opinion
Maine Republican Party vice chair: Democrats aren’t taking our state in a good direction
From the gas pump to the doctor’s office, the majority party in Augusta is intent on draining Mainers’ wallets, Shane Reitze says.
Posted inEditorials, Opinion
Another View: Don’t expect the Fed to work miracles
In conditions like these, monetary policy can only do so much.
Posted inBusiness
4.5 million Americans quit or changed jobs in March, matching previous highs
While workers continue to feel emboldened to freely switch jobs, they may not quite have the leverage they did even a few month ago.
Posted inEditorials, Opinion
Another View: Bad 1970s economic news is back to haunt Biden
Stagflation, or economic stagnation amid persistent inflation, is a curse Joe Biden doesn’t need ahead of the midterm elections.
Posted inEditorials, Opinion
Another View: Blaming Biden goes only so far in explaining current inflation woes
Spiking oil prices and other post-pandemic challenges are a global problem, an International Monetary Fund report says.
Posted inOp-eds, Opinion
Commentary: Don’t count on a slowdown to make housing less costly
This would be a downturn engineered by the Fed, and rising mortgage rates in a tight market will generally just make buying a home more expensive.
Posted inTimes Record
Wedding wave coming in 2022 after 2 years of pandemic postponements
Maine expects a surge in weddings big and small in 2022, according to local vendors and data from the Portland City Clerk’s office.