‘This is probably the lowest point that I’ve ever seen,’ says one logging industry veteran and association president.
Maine economy
Posted inBusiness, Local & State, News
Maine unemployment rate dipped below 7% in June
The rate fell from 9.3% in May to 6.6% in June as a tepid economic recovery added about 19,000 jobs. But a state economist warns that the unemployment rate doesn’t fully capture the scope of job losses.
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Maine unemployment claims increase after weeks of decline
The number of Mainers who filed initial claims last week increased by more than 60% from the previous week, to 4,400.
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Mills’ economic recovery committee calls for $1.1 billion investment
Leaders of the Governor’s Economic Recovery Committee say any recovery plan for Maine must work in concert with protecting public health.
Posted inBusiness, Local & State, News
Low-income Mainers barely hanging on to keep paying rent, research shows
Some are falling behind on other bills, using food pantries or relying on federal and state assistance, which experts say is not sustainable with financial aid programs set to expire.
Posted inBusiness, Local & State, News
Maine workers, labor groups warn of widespread suffering unless federal jobless aid is extended
The added $600-per-week benefit has saved thousands of Maine households from poverty, but it is due to expire soon, which could create economic calamity, advocates warn.
Posted inBusiness, Local & State, News
Jobless aid tops $1 billion in Maine as laid-off workers prepare to resume job searches
More than 87,000 weekly unemployment claims were paid out last week, as the state prepares to require claimants to start looking for work.
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Top PPP recipients in Maine
The following 19 organizations in Maine each received a forgivable loan of between $5 million and $10 million through the federal Paycheck Protection Program. • Alcom LLC • Berry Dunn McNeil & Parker Inc. • Continuum Health Services Inc. • Darling’s • Somic America Inc. • Spectrum Health Care Partners P.A. • Baker Newman & […]
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Mills advisory group warns of ‘economic cliff’ if no more federal aid comes
Leaders of the Maine Economic Recovery Committee warn of a ‘devastating’ economic decline unless the federal government takes further action.
Posted inBusiness, Local & State, News
Mills’ economic recovery committee urges school reopenings, broadband expansion
The committee was tasked with recommending steps state government could take immediately to stabilize the Maine economy.