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Maine’s Economy

Governor Mills Convenes Expert Committee to Advise on State’s Economic Recovery

Governor Janet Mills announced today that she is convening an Economic Recovery Committee charged with developing recommendations to mitigate the damage to Maine’s economy caused by the […]

WAGM
Posted May 7, 2020
Tags Coronavirus, Economy, Recession
Maine’s Economy

Governor Mills convening Economic Recovery Committee

Gov. Janet Mills announced Wednesday the creation of a panel to advise her on the state’s economic recovery, and suggested there could be regional variations in the […]

WABI
Posted May 7, 2020
Tags Coronavirus, Economy, Federal
Maine’s Economy

Last week's expanded eligibility spurs largest UI claims spike since pandemic began

Roughly 16,100 Mainers filed new unemployment claims in the week ending May 2, according to the Maine Department of Labor, representing the largest week-over-week increase in since […]

James Myall
Posted May 7, 2020
Tags Coronavirus, Unemployment
Maine’s Economy

Maine’s racial disparities laid bare by COVID-19

COVID-19 does not discriminate. Anyone exposed to the coronavirus can get sick, regardless of their race, ZIP code, or family income. Nevertheless, new data from the Maine […]

James Myall
Posted May 6, 2020
Tags Coronavirus
Maine’s Economy

Think tank projects $1.2 billion budget shortfall for Maine

Nonpartisan research and policy institute the Center on Budget and Policy Priorities is projecting a huge budget shortfall for Maine by the end of the next fiscal […]

Portland Press Herald
Posted May 6, 2020
Tags Coronavirus, Economy, Federal
Maine’s Economy

NEW REPORT: Maine faces at least $1.2 billion revenue shortfall as coronavirus wreaks havoc on jobs, spending

To protect Maine families and communities, Congress must include substantial state fiscal aid in the next pandemic relief package AUGUSTA, Maine — Maine faces an estimated $1.2 billion […]

Posted May 5, 2020
Tags Coronavirus, Economy, Federal
Taxes and Budget

REPORT: Maine needs fiscal relief now to address revenue shortfall of at least $1.2 billion

Just two months after the pandemic’s first ripples were felt in the economy, forecasters say unprecedented state revenue shortfalls jeopardize state and local budgets. In Maine, revenue […]

Sarah Austin
Posted May 5, 2020
Tags Budget, Coronavirus, Federal, Revenue
Maine’s Economy

Maine DOL: Workers in re-opened industries could lose unemployment if they don’t return to work

According to recent calculations made by the Maine Center for Economic Policy, more than 108,520 Mainers have filed for unemployment over five weeks, putting the state unemployment […]

Beacon
Posted April 30, 2020
Tags Coronavirus, Economy, Federal
Maine’s Economy

New unemployment claims remain nearly eight times higher than pre-pandemic averages

At least 15.6 percent of the state’s workforce has lost their jobs since March 15, as Mainers take the necessary steps to limit transmission of the coronavirus […]

Sarah Austin
Posted April 30, 2020
Tags Coronavirus, Unemployment
Maine’s Economy

The View From Here: Who backs the front line worker?

Who are our front line workers? Thanks to some timely work by Sarah Austin, a policy analyst from the Maine Center for Economic Policy, we have a pretty […]

Portland Press Herald
Posted April 26, 2020
Tags Coronavirus, Economy, Federal
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