Employment Snapshot - Portland-South Portland, ME July-2022

Weller Emmons

VP of Analytics and Finance at Mployer Advisor. He is passionate about leveraging data to provide industry leading insights for Mployer Advisor’s clients. Prior to joining Mployer Advisor, Emmons served as a healthcare provider strategy consultant for Knowledge Capital Group and as an internal strategy consultant at HCA Healthcare. Emmons earned his MBA and BE in Biomedical Engineering, both from Vanderbilt University.

Market Employment Summary

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Additional Benchmarking Resources

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Overall unemployment rate moved down to 2.3% with the biggest shift in Restaurants & Hotels, which gained 2,500 roles, based on the most recently available information published in August 2022.

Total employment in the Portland-South Portland, ME market rose by 660 jobs in July and the unemployment rate decreased compared to the prior month by 20 bps to 2.3%. The national unemployment rate decreased by 5 bps over the same time to 3.8%.

Portland-South Portland, ME unemployment rate is 148 bps below the national rate which is a positive sign.
Unemployment in the market is 180 bps below the unemployment rate in the market last year at this time, which is a positive.
Average wages (per hour) grew in July versus prior month by 5.8% and are down compared to last year at this time in the market.

Month over Month Unemployment Change

Year over Year Unemployment Change

Portland-South Portland, ME Unemployment July 2022

For key employment segments of the market, total jobs grew by 1.1% . Key sectors include:

Education & Healthcare: 42,300; +100
Transportation & Utilities: 38,800; +600
Business Services: 34,300; +1,000
Restaurants & Hotels: 30,000; +2,500
Government: 21,100; -2,100
Financial Services: 17,100; no change
Manufacturing: 15,800; -200
Construction, Mining: 11,300; +300
Other Jobs: 8,000; +100
IT & Development: 3,300; +100

Employment Change by Key Sector

Portland-South Portland, ME Unemployment by Industry July 2022

Data is based on the most recent 12 months available, through July 2022 (Data published August 2022 and reports created on September 2, 2022). Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.

Portland-South Portland, ME