PORTLAND (AP) — Experts say an easing of the national recession won't bring a quick reversal of job losses in Maine, but some information points to a possible economic recovery.
Charles Colgan, a public policy and management professor at the University of Southern Maine's Muskie School of Public Service, says job losses are expected to continue at the national level and will certainly continue at the state level.
Maine's lost about 24,000 jobs since the recession started in December 2007, and Colgan believes the state could lose as many as 33,000.
But State Economist Michael LeVert also tells the Portland Press Herald that progress has been made in key sectors, such as the credit market and housing market, which has hit bottom.
verified Since the "2009 Maine Piglet Book" is now hot off the press and it illustrates "More than $2,000,000,000 in wasteful government spending" by Maine, isn't it time for some major spending cuts within Maine State Government?
FMI, visit http://www.mainepolicy.org/library/resources/203.pdf
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