Maine reaches its lowest unemployment rate on record

Maine’s workforce has reached its lowest unemployment rate on record, state labor officials said Friday.

The preliminary seasonally adjusted unemployment rate for March was 3 percent, the state Department of Labor said. The department said that is the lowest rate on record since the current estimation methodology was implemented in 1976.

“This shows that our efforts to lower taxes, reform welfare and bring fiscal responsibility to government are working,” Gov. Paul LePage said.

The state’s unemployment rate fell from 3.2 percent in February and 3.7 percent a year ago. Other metrics also showed falling unemployment in the Pine Tree State. The number of unemployed people was down by 4,500 over the year to 21,000.

The Labor Department said the unemployment rate was below 4 percent in 14 of the last 17 months. That has only happened in two other periods in the last 41 years.

click here to read more.

California News
No Comment

Leave a Reply