Health Care, Maine’s Economy Job losses bring additional crisis for laid-off workers: loss of health coverage Between 72,000 and 131,000 Mainers could lose their employer-sponsored health insurance as a result of widespread layoffs spurred by the coronavirus pandemic, with as many as 31,000 […] James Myall Posted May 29, 2020 Tags Coronavirus, Unemployment
Maine’s Economy Pandemic has erased one in six Maine jobs since February Maine lost nearly 106,000 jobs1 in the two months leading up to April 12 as Maine businesses laid off workers across the state because of the ongoing public […] James Myall Posted May 22, 2020 Tags Coronavirus, Unemployment
Maine’s Economy, Taxes and Budget Maine can’t afford for Congress to miss the mark on COVID-19 emergency funding A bipartisan consensus is building for Congress to pass additional emergency funds for states to help fight the pandemic, maintain health care for low-income families and seniors, […] Sarah Austin Posted May 22, 2020 Tags Coronavirus, Federal, Recession
Taxes and Budget Congress must act boldly to protect Maine families, communities from harm Maine faces a revenue shortfall of at least $1.2 billion in the next fiscal year. If unaddressed, this fiscal crisis would hurt families and communities, and make the recession worse. Congress must include state fiscal relief in the next coronavirus bill. Mario Moretto Posted May 8, 2020 Tags Coronavirus, Federal, Recession
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
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 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 Small businesses need targeted relief that Payroll Protection Program does not yet provide On Thursday, Congress enacted a new round of funding for the Payroll Protection Program, or PPP, which provides loans to help businesses cover payroll and other expenses […] James Myall Posted April 24, 2020 Tags Coronavirus, Federal
Jobs and Income As jobless rate hits nearly 18 percent, Unemployment Insurance is a critical tool to limit coronavirus transmission At least 14.5 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 23, 2020 Tags Coronavirus, Federal, Unemployment