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
Jobs and Income, Maine’s Economy Maine unemployment claims hit new record of nearly 24,000 last week The present recession is unique because it was triggered by measures intended to limit virus transmission and prevent the health care system from being overwhelmed, [MECEP policy […] Posted April 2, 2020 Tags Coronavirus, Economic Security, Economy, Federal, Recession, Unemployment
Jobs and Income, Maine’s Economy Analysts use Great Recession data to predict COVID-19 economic impact The federal government just passed a $2.2 trillion stimulus package last week, a good step, but [MECEP policy analyst Sarah] Austin says it can’t be the only […] Fox Bangor Posted April 2, 2020 Tags Coronavirus, Economic Security, Economy, Federal, Recession, Unemployment
Jobs and Income, Maine’s Economy Report projects more than 61,000 jobless in Maine by June Maine could lose 61,000 jobs by June, triggered by the COVID-19 response, more than three times what was lost in the Great Recession, according to a report published […] MaineBiz Posted April 2, 2020 Tags Coronavirus, Economic Security, Economy, Federal, Recession, Unemployment
Jobs and Income, Maine’s Economy Report: Maine could lose 3 times more jobs by June than it did in the Great Recession That figure would equate to more than triple the jobs lost in the state during the Great Recession and more per capita than all but eight other […] Bangor Daily News Posted April 1, 2020 Tags Coronavirus, Economic Security, Economy, Federal, Recession, Unemployment
Jobs and Income, Maine’s Economy NEW REPORT: Downturn from coronavirus poised to dwarf the Great Recession New recession will bring unprecedented job loss and GDP decline as economically disruptive measures remain necessary to save lives AUGUSTA, Maine — The coronavirus pandemic will bring a […] Posted April 1, 2020 Tags Coronavirus, Economic Security, Economy, Federal, Recession, Unemployment
Jobs and Income, Maine’s Economy New MECEP report outlines policy priorities for federal response to COVID-19's economic fallout Scale and scope of relief from Congress, Trump administration will determine the human toll of the coronavirus-fueled recession AUGUSTA, Maine — As the coronavirus pushes the nation into […] Posted March 26, 2020 Tags Coronavirus, Economic Security, Economy, Federal, Recession, Unemployment
Jobs and Income, Maine’s Economy Maine unemployment claims skyrocket to record 21,500 in 1 week Nationwide, almost 3.3 million workers filed for unemployment benefits last week, the highest seasonally adjusted total on record, according to the U.S. Department of Labor. The previous […] Portland Press Herald Posted March 26, 2020 Tags Coronavirus, Economic Security, Economy, Federal, Recession, Unemployment
Jobs and Income Maine’s omnibus coronavirus response law will help workers, small businesses facing income loss On Tuesday, the Maine Legislature approved an omnibus package of measures aimed at responding to the health and economic impacts of coronavirus. Governor Janet Mills signed the bill into law on Wednesday. The […] James Myall Posted March 19, 2020 Tags Coronavirus, Unemployment
Jobs and Income, Maine’s Economy MECEP statement on Legislature's coronavirus relief efforts AUGUSTA, Maine — Garrett Martin, executive director of Maine Center for Economic Policy, released the following statement in response to the Legislature’s coronavirus relief efforts on Tuesday: “A […] Posted March 18, 2020 Tags Coronavirus, Economic Security, Economy, Federal, Recession, Unemployment