Maine unemployment rate up to 7.5 percent in June

The Associated Press
Posted July 20, 2012, at 6:19 p.m.

AUGUSTA, Maine — Maine’s unemployment rate in June was 7.5 percent, up slightly from 7.4 percent in May, the state Department of Labor said Friday.

The number of unemployed people totaled 52,900, down 800 from the same time a year ago. By comparison, the U.S. unemployment rate was 8.2 percent, unchanged from May. Maine’s figures are adjusted to reflect seasonal fluctuations in the labor market.

Officials said Maine’s unemployment rate rise since February, when it was 7.1 percent, is related to declining estimates of the number of employed people. That decline followed a period in which department estimates showed employment growth in late 2011.

“The upward and then downward trends in employment estimates that drove unemployment rates down in late 2011 and then back up in 2012 are at odds with indications from payroll data provided by employers, which signal relative stability in the number of jobs,” the Department of Labor said.

The department said Maine continues to have lower unemployment rates, higher rates of labor force participation and a higher share of population that is employed than the nation.

June’s 7.5 percent jobless rate compares to 7.6 percent a year earlier.

Unemployment rates tended to be lower than the statewide average in southern and central counties and higher among eastern and northern counties.

 

http://bangordailynews.com/2012/07/20/business/maine-unemployment-rate-up-to-7-5-percent-in-june/ printed on October 2, 2014