The Maine Department of Labor released year-end unemployment estimates for December showing the state’s seasonally adjusted unemployment rate was 3.8%, down slightly from 4.0% in November and 4.1% from a year ago.  By comparison, The U.S. preliminary unemployment rate of 4.7% was little changed from 4.6% in November and down from 5.0% one year ago.

The New England unemployment rate averaged 3.5%. Rates for other states were 2.6% in New Hampshire, 3.1 % in Vermont, 2.8% in Massachusetts, 5.0% in Rhode Island and 4.4% in Connecticut.

Non-seasonally adjusted unemployment rates ranged from 2.6% in Cumberland County to 5.5% in Somerset County. Rates tended to be lower than the statewide average in southern and central counties and higher than average in northern and rim counties.

The unemployment rate was below the statewide average in all three metro areas: Portland-South Portland (2.6%), Lewiston-Auburn (3.0%) and Bangor (3.3%).

By Published On: January 26, 2017Categories: Business News, Maine Economy, VideoTags:

Moving to Maine?

About the Author: Michael

Michael, along with his wife Laura, is co-owner of Maine Home Connection, an independent real estate company located in Portland. Maine. Together they started the brokerage from scratch with a new vision of what a company could look like if it focused completely on the needs of our clients and our agents.

Understanding the Local Market

Don’t see what you are looking for?

Contact us for a customized report by any market or community parameter. Let our experience be your guide.