Economists said the figures likely reflect Maine’s aging population and the move of many workers from jobs into retirement.
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Posted inBusiness, Nation / World
White House insists fundamentals of US economy ‘very strong’
With eyes on 2020, the White House insists the fundamentals of the US economy are ‘very strong’
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Posted inBusiness, Nation / World, News
Expect a recession by 2021, say 74% of economists in survey
President Trump has dismissed such concerns, offering an optimistic outlook for the economy after last week’s steep drop in the financial markets.
Posted inBusiness, Nation / World
Donald Trump makes Fed Chairman Jerome Powell the scapegoat for market downturn
Nobody was happier to take credit for surging stocks than President Donald Trump, who touted and tweeted each leg up. Now the bull is on life support and the search for its potential killer is on. And while many on Wall Street share the president’s frustration with the man atop his markets enemies list, Federal […]
Posted inLocal & State, sj-web
As Maine’s population ‘super ages,’ the state’s economy faces frailty
This is one superlative that Maine would probably like to avoid. In less than eight years, nearly one in four Mainers will be 65 or older, a situation with some serious economic consequences. Fitch Ratings, one of the country’s leading bond rating agencies, said that by 2026, Maine will have the highest percentage of people […]
Posted inLocal & State, sj-web
Campaign starts for paid sick days for Maine workers
Mainers may get the chance to follow the lead of 10 other states that mandate employers offer paid sick days to their employees. “I’m proud to be part of a group of worker, family and health care advocates who have taken the first step in submitting language for a referendum to guarantee access to earned […]
Posted inBusiness
Slew of positive reports show US economy still on solid track
The U.S. economy is doing just fine, thank you. A string of reports on Thursday showed the labor market is getting stronger, consumers are increasingly optimistic and manufacturers are expanding, adding to signs that gross domestic product remains on track for a solid performance in the third quarter. Filings for unemployment benefits unexpectedly fell for […]
Posted inLocal & State, sj-web
Maine should offer more summer internships, Angus King says
Facing a looming demographic disaster, the Pine Tree State must take steps to attract more young people to put down roots, U.S. Sen. Angus King said this week. “The biggest barrier to Maine’s growth over the next 20 years is people,” the Maine independent said. One way to help, King said, may be to tap […]
Posted inLocal & State, sj-web
Paul LePage to lead trade mission to UK and Ireland
AUGUSTA — Maine’s North Atlantic Development Office is putting together a trade mission headed by Gov. Paul LePage for companies interested in increasing business with the United Kingdom and Ireland. The nine-day trade mission in September will feature “business meetings, group events, and unique cultural opportunities designed to help Maine companies expand their business development […]
Posted inNation / World, sj-web
U.S. economy surges to 4.1 percent growth rate in Q2
WASHINGTON (AP) — The U.S. economy accelerated last quarter at an annual rate of 4.1 percent, the government estimated Friday, as consumers spent tax-cut money, businesses stepped up investment and exporters rushed to ship their goods ahead of retaliatory tariffs. President Donald Trump said he was thrilled with what he called an “amazing” growth rate […]