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PublishedJune 21, 2020
Virus contributes to outbreak of consumer debt in Maine
With jobs lost and bills piling up, many Mainers face mounting household debt triggered by the COVID-19 pandemic.
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PublishedJune 19, 2020
Maine jobless rate falls to 9.3%, but data obscure magnitude of job losses
If not for tens of thousands of workers who were misclassified or not counted as unemployed in May, the official rate would be 18 percent.
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PublishedJune 19, 2020
Most employers not taking advantage of state program to retain workers
The problem could be that few know about WorkShare, which helps businesses keep trained workers by providing partial unemployment payments to those whose hours are reduced.
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PublishedJune 18, 2020
As fraudulent jobless claims pass 50,000, state sets job search deadlines for claimants
The Maine Department of Labor said Thursday that people receiving unemployment benefits soon will have to start looking for work.
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PublishedJune 4, 2020
Another 24,500 Maine jobless claims filed as anti-fraud measures delay some payments
The number of new claims remains high as the state probes thousands of fraudulent claims made with stolen personal information.
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PublishedMay 28, 2020
Credit agencies affirm Maine’s ‘high-grade’ bond ratings despite pandemic
Moody's and Standard & Poors said the state is in a stable debt position as it enters a period of financial uncertainty.
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PublishedMay 27, 2020
State finance commissioner to update lawmakers on pandemic’s impact
The Appropriations and Financial Affairs Committee wants to learn what the Mills administration plans to do with $1.25 billion in federal aid that has so far gone unspent.
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PublishedMay 22, 2020
Maine’s biggest unemployment jump ever put jobless rate at nearly 11% in April
The state lost more than 98,000 jobs last month as the economic consequences of the coronavirus pandemic hit the state with full force.
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PublishedMay 20, 2020
BIW president says production delays pose a challenge to company’s future
In a rare interview, Bath Iron Works President Dirk Lesko said the shipbuilder must be more nimble and catch up on a backlog of work to compete for new contracts.
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PublishedMay 15, 2020
Maine Economic Recovery Committee begins mapping state’s post-pandemic economy
The 39 members from around the state have the job of coming up with a plan to stabilize the state's economy, and then grow it.
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