Overall unemployment rate moved down to 4.6% with the biggest shift in Restaurants & Hotels, which gained 1,300 roles, based on the most recently available information published in June 2021.
Total employment in the Portland-South Portland, ME market rose by 1,818 jobs in April and the unemployment rate decreased compared to the prior month by 20 bps to 4.6%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Portland-South Portland, ME unemployment rate is 115 bps below the national rate which is a positive sign.
- Unemployment in the market is 540 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 2.5% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.8% . Key sectors include:
- Education & Healthcare: 42,700; +100
- Transportation & Utilities: 35,500; +600
- Business Services: 29,600; +1,100
- Government: 22,900; -200
- Financial Services: 16,700; +100
- Restaurants & Hotels: 16,000; +1,300
- Manufacturing: 14,700; +100
- Construction, Mining: 10,000; +400
- Other Jobs: 7,300; +100
- IT & Development: 3,000; no change
Data is based on the most recent 12 months available, through April 2021 (Data published June 2021 and reports created on June 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.