In my last post, I discussed how MECEP’s recently released report, The State of Working Maine in 2013, delves beyond the official monthly employment reports for more revealing data about how many Maine workers continue to struggle to find full time jobs. But having a job is only part of the equation. Since most people work because they need wages to support themselves and their families, a closer … Read the rest
More than 3,500 unemployed Mainers will lose critical economic support for themselves and their families if Congress allows emergency unemployment compensation (EUC) to expire on December 28th, according to the Maine Department of Labor. In total, as many as 18,100 unemployed Mainers could be affected by EUC expiration over the course of 2014, according to a recent report by the Council of Economic Advisors.[i] In addition to … Read the rest
On the first Friday of each month (unless there’s a government shutdown), the Department of Labor releases the official national unemployment report. The results often lead the nightly news and provide headlines in the next day’s newspapers. Financial markets and political polls rise and fall on these findings. In Maine, there is a similar, if more subdued, reaction around the middle of the month upon release of the official state … Read the rest
State General Fund revenue for the two-year period that began in July 2013 (Fiscal Years 2014 and 2015) will be about $20.6 million (0.3%) higher than previously forecast, according to the latest report from the state’s forecasting committee. The general fund is the primary source of state funding for education, health care, public safety and corrections, and conservation and natural resources.
This small upward revision in the revenue outlook is … Read the rest