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Updated · The Maine Wire · May 8Maine unemployment holds at 3.2% as labour participation falls
8 articles · Updated · The Maine Wire · May 8
- March participation slipped to 59.5%, below the US rate of 61.8%, while national and New England unemployment stood at 4.3% and 4.4%.
- Maine's jobless rate was down from 3.8% a year earlier, and unemployment fell across all counties by between 0.1 and 1 percentage point.
- Average hourly pay rose 3.9% year on year to $33.63; professional services paid most at $39.35, while leisure and hospitality paid least at $24.60.
With a shrinking workforce despite low unemployment, is Maine's economy facing a hidden crisis? As wages rise but housing costs soar, is the dream of living in Maine becoming unaffordable? Will AI and data centers rescue Maine's economy or displace its workers and strain its resources?