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.
economy
Posted inBusiness, Nation / World, News
From beer to semiconductors, extended war will hit U.S. state economies
While the U.S. has limited trade ties with Russia and Ukraine, businesses from beer breweries in Missouri to semiconductor plants in California would see an impact.
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Posted inCoastal Journal
Brunswick pizza joint’s price hike can be blamed on global economic forces
Tess’ Market manager said the business had no choice but to raise prices for only the third time in 20 years.
Posted inBusiness, Nation / World
U.K. to give $1.3 billion in aid to businesses hurt by omicron
The hospitality industry has taken a hit from public health measures, staff shortages and reservation cancellations.
Posted inBusiness, Nation / World
Omicron casts new shadow over economy’s pandemic recovery
One fear is that infections will further disrupt manufacturing and shipping, worsening the supply chain backlogs.
Posted inBusiness
Supply-chain nightmare ignites economic boom along U.S.-Mexico border
By keeping production closer to its final destination, companies hope it will reduce the risk of distribution snags.
Posted inBusiness, Local & State, News, Politics
Long-term state revenue projections ‘volatile,’ Maine lawmakers told
The words of caution come as the Legislature prepares to debate what it should do with $822 million in additional revenue being projected for the current two-year budget.
Posted inBusiness, Nation / World
U.S. consumer confidence falls in November to nine-month low
U.S. consumer confidence was held back by rising worries about inflation and lingering concerns about the coronavirus.
Posted inNation / World, Uncategorized
U.S. consumer prices soared 6.2% in past year, most since 1990
Prices for U.S. consumers jumped 6.2% in October compared with a year earlier as surging costs for food, gas and housing left Americans grappling with the highest inflation rate since 1990.
Posted inBusiness, Nation / World, News
General Electric to end its run as a conglomerate, split into 3 companies
The new public entities will be focused on aviation, health care and energy.