Maine’s unemployment charge holds regular at 4.9%

Maine’s unemployment charge held regular in July after including about 1,200 jobs, in keeping with a brand new report.

The preliminary, seasonally adjusted unemployment charge final month remained largely unchanged from Might’s 4.9% charge, the Maine Division of Labor stated in a report.

The variety of unemployed staff elevated by 700 from June to July at 33,200, the state company reported.

In the meantime, there have been 617,500 seasonally adjusted nonfarm jobs in July, principally in public training {and professional} and enterprise companies sectors, the company stated.

The variety of payroll jobs in June was up by 40,800 from a yr in the past, in keeping with the report. The most important features had been within the leisure and hospitality, retail commerce, skilled and enterprise companies, and manufacturing sectors, the company stated.

One other vibrant spot of the report was the state’s labor drive participation charge, or the variety of folks 16 or older who labored or had been unemployed and on the lookout for work, which was up barely at 60.4% in July. That is the best charge prior to now 12 months, in keeping with the company.

The state’s unemployment charge in July was decrease than from 5.3% one yr in the past, however it remained elevated from the three.1% charge of February 2020, the report famous.

State labor officers famous that the continued impression of the pandemic has disrupted regular seasonal buildup and layoff patterns in some sectors of the economic system.

“Job features within the leisure and hospitality sector had been bigger than common in June and considerably lower than common in July, inflicting a lower in jobs within the sector in July after seasonal adjustment,” the state company stated within the report.

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Final week, the state reported a slight uptick in new claims for state and federal unemployment advantages, highlighting the volatility of the state’s pandemic-battered labor market.

There have been 809 new claims for state unemployment advantages for the week that ended Aug. 14 – a rise of 40 from the earlier week, in keeping with the U.S. Division of Labor’s weekly report. The state additionally reported 134 new claims for federal Pandemic Unemployment Help, an increase of 9 over the earlier week, in keeping with the report.

In the meantime, 7,796 persevering with claims – which lag behind per week – had been filed within the week ending Aug. 7, declining by 136 over the earlier week.

Maine has paid out greater than $2.3 billion in federal and state unemployment advantages since March 2020, when the COVID-19 outbreak started.

The nationwide unemployment charge decreased barely to five.4% in July, in keeping with preliminary information from the U.S. Labor Division.

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