December’s preliminary unemployment rate of 2.9% marks the 48th consecutive month of rates below 4%.
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Posted inBusiness, Maine, News
Exemptions limit benefit of Maine’s new hearing aid law
People whose employers self-insure and those who get their health care coverage through Medicare won’t benefit from the law mandating coverage for hearing aids.
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Posted inBusiness, Maine, News
New year brings raise for minimum-wage workers, in final phase of voter-approved plan
Maine’s minimum wage has risen from $7.50 to $12 an hour since voters approved the increases in 2016. Supporters say it has helped low-income workers, but critics say it has hurt small businesses.
Posted inBusiness, Maine, News
Minimum wage increase means overtime pay for more Maine workers
The rules taking effect Wednesday will raise the threshold – from $33,000 to $36,000 a year – at which salaried employees must be paid overtime for working more than 40 hours a week.
Posted inBusiness, Maine, News
November jobless rate continues Maine’s historic trend
If December’s rate also comes in under 4%, Maine will have had four years of record low unemployment.
Posted inBusiness, Maine, News
November decline hurts Maine’s overall home sales in 2019
The state had been on track for a record year before single-family home sales dropped by nearly 8% last month from the same period in 2018.
Posted inBusiness, Maine
Economic gaps underscore perception of 2 Maines
Cumberland and York counties account for nearly 50 percent of the state’s GDP, a new report finds.
Posted inBusiness, Maine, News
Higher wages, bigger labor force at center of Maine’s 10-year economic plan
The state’s first long-range economic plan in 2 decades will go to the Legislature for consideration of its recommendations.
Posted inBusiness, Maine, News
Thanksgiving travelers can expect the heaviest traffic in years
And a looming storm may complicate things on one of the busiest travel days of the year.
Posted inBusiness, Maine, News
Pioneering mussel farmer buys rival, plans expansion
By 2021, Bangs Island Mussels plans to more than double production and hire more than 10 new employees, reflecting a growing market for the Casco Bay-grown mussels.