Spending is always strong and unemployment low at the onset of a recession.
unemployment
Posted inBusiness, Nation & World, News
Modest hiring enough to fuel sluggish but durable U.S. economy
But given the weak global economy and the trade war with China, the Federal Reserve is poised to cut interest rates, its chairman indicates.
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Posted inBusiness, Local & State, News
Maine labor market growing tighter, federal data shows
The July unemployment rate in the Portland-South Portland metro area dipped nearly half a percentage point, to 1.9%.
Posted inBusiness, Nation & World, News
U.S. has 501,000 fewer jobs than first reported
The Labor Department said Wednesday that nearly two-thirds of the downward revision came from the retail and leisure and hospitality sectors.
Posted inBusiness
Maine’s preliminary unemployment rate for July hits record low
If the seasonally adjusted rate of 3 percent holds up when the Department of Labor revises its numbers in April, it would be the lowest in state history.
Posted inEditorials, Opinion
Another View: Ingenuity, flexibility driving record U.S. economic expansion
The 10-year boom is a remarkable achievement for American employers and workers.
Posted inBusiness, Local & State
Maine’s low unemployment rate continues trend in May
The jobless rate of 3.3% is the same as a month ago and one year ago.
Posted inBusiness, Local & State, News
Maine’s unemployment rate in April stays low and steady
For the past two years, April’s jobless rate has hovered at 3.3 percent.
Posted inBusiness, Local & State
Unemployment remains steady in Maine
A preliminary rate of 3.4 percent in March is little changed from February, or from a year ago.
Posted inBusiness, Local & State
Maine’s February unemployment rate extends streak
The state’s streak of unemployment rates below 4 percent continues.