Maine’s Economy How to spend your stimulus check money so it will have the most impact, according to economists Many Americans woke up this week with an extra $1,200 (or more) in their bank accounts. In ordinary circumstances, it would likely be a reason to rejoice—but for the […] Fortune Posted April 16, 2020 Tags Coronavirus, Economy, Federal
Maine’s Economy Economic Policy Institute: More Than 180 Groups Sign on Letter Urging U.S. House, Senate Leadership to Pass $500 Billion in Unrestricted Aid to States, Territories, Local Governments Over 180 organizations across the United States, including the Economic Policy Institute, signed a letter to U.S. House and Senate leadership urging them to quickly pass $500 billion in unrestricted aid to states, […] Targeted News Service Posted April 14, 2020 Tags Coronavirus, Economy, Federal
Maine’s Economy REPORT: Maine needs significantly more fiscal support to address severe health and economic harms from COVID-19 States are nearing shortfalls that could be the largest on record — totaling more than $500 billion in just over one fiscal year AUGUSTA, Maine — While federal […] Posted April 14, 2020 Tags Coronavirus, Economy, Federal
Health Care Gov. Mills looks to postpone June primary amid coronavirus concerns In the past several days, a number of groups, including AARP of Maine, ACLU of Maine, League of Women Voters, Maine Conservation Alliance and Maine Center for […] Fox Bangor Posted April 8, 2020 Tags Coronavirus
Maine’s Economy Oasis clinic: pandemic could have disproportionate impact on those who can least afford it BRUNSWICK — As cases of coronavirus in Maine started picking up steam, so did Blake Cromwell’s anxiety, and with that came near-daily panic attacks. The 27-year-old Dunkin’ […] The Times Record Posted April 8, 2020 Tags Coronavirus, Economic Security, Economy, Inequality, Unemployment
Jobs and Income Feeding programs fill the need for hungry Augusta residents Augusta’s need for these services could be greater than surrounding communities. According to 2017 data compiled by the Maine Center for Economic Policy, state House districts that […] Kennebec Journal Posted April 8, 2020 Tags Food Insecurity, Local
Maine’s Economy Report: Coronavirus-Triggered Economic Downturn Unprecedented, Hitting Low-Wage Workers Hard That’s one conclusion in a new report from the left-leaning Maine Center for Economic Policy. Report author Sara Austin says that in the Great Recession of a decade ago, the […] Maine Public Posted April 6, 2020 Tags Coronavirus, Economy, Recession
Jobs and Income Health of Maine’s unemployment system depends on how long coronavirus persists When unemployment is low, trust funds increase as more employers pay payroll taxes and less benefits are paid out. If unemployment increases, taxes can be raised to […] Posted April 6, 2020 Tags Coronavirus, Federal, Unemployment
Maine’s Economy Beacon podcast: Maine’s pandemic recession will be fastest, deepest in modern history Sarah Austin of the Maine Center for Economic Policy joins the podcast this week to discuss her new report on the economic ramifications of the pandemic on Maine and […] Beacon Posted April 3, 2020 Tags Coronavirus, Economy, Recession
Jobs and Income, Maine’s Economy STATEMENT: Grim job loss forecast worsens as two-week unemployment claims exceed 2019 total AUGUSTA, Maine — Maine will lose more than 87,000 jobs by the end of June as efforts to contain the coronavirus make normal economic activity all but impossible, according […] Posted April 2, 2020 Tags Coronavirus, Economic Security, Jobs, Unemployment