Maine has experienced better growth than the region over the last six years on indicators like gross state product, per capita income and export dollars. This is coupled; however, with low employment growth, lopsided wage growth, an ageing workforce, and skill shortages in the workforce. Some of the highlights include:
- Job gains in Healthcare and Education, Professional and Business Services, and Construction
- Continued job losses in Manufacturing and Financial Services
- Slow wage growth for low and moderate income earners
- Widening wage gap between low and upper income earners
- Maine continues to lag the region and nation in workers with post-secondary degrees
- One third of all Mainers in households with incomes 200% of poverty or less
- Large shares of workers unable to earn a livable wage
- Regional economic disparities continue across the state
This year’s report has a wealth of data outlining employment, wage, and income trends for Maine and the region as well as a detailed breakdown of the Maine workforce and its characteristics. The report offers several recommendations for investments in the areas of building the workforce, research and development, infrastructure improvements, and development of a long-term rural economic development plan.
