Report finds Maine’s labor market strong, but households still struggle to meet basic costs

As average prices rose 20% nationally between 2019 and 2023, median household income in Maine rose 25% in that same timeframe, according to the State of Working Maine 2024 report released this week by the Maine Center for Economic Policy. The report also highlighted the dichotomy between continued demand for workers helping to drive up wages and households still struggling with costs like housing, food and health care in the aftermath of record inflation.

Click here to read the full story, first published October 23, 2o24 in Maine Morning Star.