Still, labor economists say many unemployed residents are being misclassified, and that the state’s true jobless rate is likely above 10%.
maine economy
Posted inBusiness, Local & State
Pandemic’s effects leave road project planners guessing what’s around the corner
The Maine Department of Transportation’s latest construction plan is clouded by uncertainties about funding and whether more drivers will return to the roads.
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Posted inBusiness, Local & State
Maine’s housing market broke records in 2020, with sales and prices through the roof
Despite the pandemic, the year’s home sales outpaced all previous years, and the median price of homes sold rose to a new high of $256,000.
Posted inBusiness, Local & State
Jobless claims remain high in Maine amid unrelenting pandemic
About 3,800 Maine residents filed a new unemployment insurance claim last week, and over 49,000 continuing claims were filed.
Posted inEditorials, Opinion
Our View: Small-business growth is the recession’s cure
The job loss in 2020 was worse than any recession in the last 50 years and will take extraordinary action to bring jobs back.
Posted inBusiness, Local & State
Maine’s job losses worse than in any recession in 50 years
The percentage of jobs lost in the state since February was more severe than in any economic downturn since 1969, according to a new state analysis.
Posted inOp-eds, Opinion
Commentary: Modern wood heat finally achieves federal tax equality
Maine’s congressional delegation fought to get wood heat treated fairly by federal tax credits.
Posted inOp-eds, Opinion
Commentary: How to make federal policy work for Maine and other rural places
Talk about what’s not working; put someone in charge of the rural agenda; invest in doing economic development differently, and focus on rural-urban connections.
Posted inEditorials, Opinion
Letter From the Publisher: A year like no other reaffirms the value of journalism
With the support of our readers, we are headed into 2021 with a clear sense of our mission.
Posted inBusiness, Local & State
Jobless claims remain high in Maine as pandemic rages
Nearly 3,000 more state unemployment claims were filed last week as President Trump casts doubt on an aid package that would benefit tens of thousands of jobless Mainers.