Overall unemployment rate moved down to 2.4% with the biggest shift in Restaurants & Hotels, which gained 2,000 roles, based on the most recently available information published in June 2022.
Total employment in the Portland-South Portland, ME market declined by 29 jobs in April and the unemployment rate decreased compared to the prior month by 100 bps to 2.4%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Portland-South Portland, ME unemployment rate is 94 bps below the national rate which is a positive sign.
- Unemployment in the market is 230 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 5.8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.4% . Key sectors include:
- Education & Healthcare: 43,900; +700
- Transportation & Utilities: 36,900; -700
- Business Services: 30,600; +500
- Government: 23,000; -100
- Restaurants & Hotels: 19,200; +2,000
- Financial Services: 16,900; +200
- Manufacturing: 15,600; no change
- Construction, Mining: 10,200; +200
- Other Jobs: 7,700; +100
- IT & Development: 3,100; -100
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.