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PublishedFebruary 29, 2024
Economist sees solid growth ahead, but warns of looming overseas threats, historic federal debt
Commercial real estate vacancies remain high as employees choose to work from home, and leases and mortgages face renewal at higher interest rates, a TD Bank economist said Thursday.
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PublishedJanuary 23, 2024
Maine unemployment rate increases for 5th straight month but remains historically low
The rate of 3.2% in December was the highest it has been in 22 months, according to state data, but is still below the national rate.
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PublishedDecember 15, 2023
Congressional Budget Office projects lower inflation, higher unemployment over next 2 years
The office's Current View of the Economy from 2023 to 2025 report estimates that the unemployment rate will rise to 4.4% by the end of 2024.
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PublishedNovember 17, 2023
Maine could end 2023 with the lowest annual unemployment rate in its history
Many economic challenges remain, however, including a statewide housing crisis, increased homelessness, inflation, higher costs of living and an ongoing workforce shortage.
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PublishedOctober 20, 2023
Maine unemployment ticks up in September, but still near record low
September's jobless rate of 2.7% is a slight increase over August's 2.5 %.
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PublishedAugust 18, 2023
Maine’s jobless rate sits at record low for fourth month
The question is now whether that low streak will stay steady.
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PublishedMay 2, 2023
U.S. job openings dip to 9.6 million, lowest since 2021
U.S. job openings fell in March to the lowest level in nearly two years, a sign that the American labor market is cooling in the face of higher interest rates.
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PublishedApril 20, 2023
U.S. unemployment claims tick up to 245,000, but still low
The number of Americans applying for unemployment benefits remained low by historic standards last week.
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PublishedMarch 30, 2023
More Americans file for jobless claims; layoffs remain low
U.S. applications for jobless benefits rose last week but remain at historically low levels despite the Federal Reserve’s efforts to cool the economy and job market in its fight against inflation.
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PublishedMarch 13, 2023
Maine unemployment fell below 3% in January
At the same time, the number of jobs in the state rose to an all-time high of 648,000.
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