No fast job rise seen in Maine

The Associated Press
Posted Sept. 22, 2009, at 10:53 a.m.

PORTLAND, Maine — Experts say an easing of the national recession won’t bring a quick reversal of job losses in Maine, but some information points to a possible economic recovery

Charles Colgan, a public policy and management professor at the University of Southern Maine’s Muskie School of Public Service, says job losses are expected to continue at the national level and will certainly continue at the state level.

Maine’s lost about 24,000 jobs since the recession started in December 2007, and Colgan believes the state could lose as many as 33,000.

But State Economist Michael LeVert also tells the Portland Press Herald that progress has been made in key sectors, such as the credit market and housing market, which has hit bottom.

http://bangordailynews.com/2009/09/22/politics/no-fast-job-rise-seen-in-maine/ printed on July 23, 2014