Overall unemployment rate moved down to 2.5% with the biggest shift in Restaurants & Hotels, which gained 4,800 roles, based on the most recently available information published in August 2022.
Total employment in the Portland-South Portland, ME market rose by 5,623 jobs in June and the unemployment rate decreased compared to the prior month by 10 bps to 2.5%. The national unemployment rate increased by 46 bps over the same time to 3.8%.
- Portland-South Portland, ME unemployment rate is 134 bps below the national rate which is a positive sign.
- Unemployment in the market is 210 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in June versus prior month by 6.5% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 3.2% . Key sectors include:
- Education & Healthcare: 42,200; -1,000
- Transportation & Utilities: 38,200; +600
- Business Services: 33,400; +1,300
- Restaurants & Hotels: 27,700; +4,800
- Government: 23,100; +100
- Financial Services: 17,100; +100
- Manufacturing: 16,100; +400
- Construction, Mining: 11,000; +500
- Other Jobs: 7,900; +100
- IT & Development: 3,200; no change
Data is based on the most recent 12 months available, through June 2022 (Data published August 2022 and reports created on August 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.