Maine’s Lack of Population and Job Growth Tamps Down Growth in Wages and Salaries

September 30, 2014 by

Today’s data release from the Bureau of Economic Analysis shows Maine’s personal income growth kept pace with the nation and the region in the second quarter of 2014, but Maine’s lack of population and job growth will make it difficult for the state to keep up over the long run.

Personal income is the sum of wages and salaries, fringe benefits, bonuses, income from investments, “pass through” income from businesses, … Read the rest

ACA cost saving measures help turn McAllen, Texas from national basket case to bellwether in five years

September 25, 2014 by

Health reform hasn’t only reduced the rate of uninsured to levels not seen since the 1990s; it also is reducing healthcare costs, which ultimately will make healthcare more affordable for everyone.  The small city of McAllen, Texas grabbed the national spotlight five years ago as a place where costs and unneeded procedures were out of control.  Now, McAllen is making headlines again.  But this time, it’s a health … Read the rest

Health Reform is Making History – But Maine is Slipping Behind

September 22, 2014 by

History is happening: the percent of Americans without health coverage is the lowest it’s been since the 1990s. Medicare costs are declining – not just slowing – making the program more sustainable in the future. Maine’s 2015 marketplace premiums are either flat – or lower than last year. Health reform is working.

I happened across a time capsule this summer, and it brought home for me exactly how huge an … Read the rest

Maine’s Economic Recovery: Limited job growth, persistent underemployment, and declining incomes

September 19, 2014 by

For months, we’ve written about Maine’s anemic economic recovery relative to the rest of the country. Today’s August jobs report does little to change that story. Maine has recovered just 63 percent of the jobs lost during the Great Recession and still ranks 43rd among all states and Washington, DC in its jobs recovery. By contrast, the US has recovered 110 percent of jobs lost in the recession and … Read the rest

Child poverty fell in 2013, but median household income continues to go nowhere

September 18, 2014 by

Child poverty in Maine fell back to pre-recession levels in 2013, but income for the median household and the overall poverty rate saw no improvement, according to annual estimates released today by the US Census Bureau.

Maine has 548,000 households. Half of them have incomes above the median and half have incomes below. The Census Bureau estimates that income of the median household in Maine was $46,974 in 2013, … Read the rest

Attention: Important Census Data Ahead

September 12, 2014 by

Data Ahead 9-12-2014Next week the U.S. Census Bureau will have two major releases that will provide researchers, policymakers, the media, and the public with critically important data on poverty, income, and health insurance coverage nationally and state-by-state. On Tuesday (September 16) the bureau will unveil its Current Population Survey (CPS) and select information about health insurance coverage from its American Community Survey (ACS).  On Thursday (September 18) the bureau will release … Read the rest

A simple 1-2 punch to give working Mainers a raise

September 5, 2014 by

Increasing Maine’s earned income tax credit and raising the state’s minimum wage would go a long way toward making work pay for Maine’s families today and lay the foundation for a stronger economy tomorrow, according to new report from the Center on Budget and Policy Priorities.

With wages for the typical Maine worker still well below pre-recession levels and no signs of growth in sight, lawmakers should act immediately when … Read the rest