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

Federal action means help for out-of-work Mainers as unemployment claims continue to break records

On March 27, President Trump signed the Coronavirus Aid, Relief and Economic Security, or CARES, Act into law. The $1.8 trillion package contains a number of provisions […]

James Myall

Posted April 2, 2020

Tags Coronavirus, Federal, Unemployment

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

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Health of Maine’s unemployment system depends on how long coronavirus persists

Federal action means help for out-of-work Mainers as unemployment claims continue to break records

STATEMENT: Grim job loss forecast worsens as two-week unemployment claims exceed 2019 total

Maine unemployment claims hit new record of nearly 24,000 last week

Analysts use Great Recession data to predict COVID-19 economic impact

Report projects more than 61,000 jobless in Maine by June

Report: Maine could lose 3 times more jobs by June than it did in the Great Recession

NEW REPORT: Downturn from coronavirus poised to dwarf the Great Recession

New MECEP report outlines policy priorities for federal response to COVID-19's economic fallout

Maine unemployment claims skyrocket to record 21,500 in 1 week