April 07, 2020

Maine unemployment ratefalls to 4.7% in November

AUGUSTA — State Labor Commissioner Valerie Landry announced that Maine’s seasonally adjusted unemployment rate fell from 5 percent in October to 4.7 percent in November.

Seasonally adjusted nonfarm wage and salary employment increased by 2,800 between October and November. The largest gains were in retail trade, services and construction. Over the past year nonfarm wage and salary jobs increased by 14,600, with most of the growth in services and retail trade.

Maine’s not-seasonally adjusted unemployment rate was 4.8 percent in November, up from 4.2 percent in October and unchanged from 4.8 percent in November 1996. The unadjusted national rate was 4.3 percent in November.

Over the year, not-seasonally adjusted nonfarm wage and salary employment rose by 14,500. All of the major industry divisions, with the exception of government, recorded job gains. Services increased by 5,900, largely in social services and business services. Retail trade increased by 5,400, with the largest gain in miscellaneous retail.

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