Overall unemployment rate moved up to 3.4% with the biggest shift in Education & Healthcare, which gained 600 roles, based on the most recently available information published in April 2022.
Total employment in the Portland-South Portland, ME market rose by 232 jobs in March and the unemployment rate increased compared to the prior month by 10 bps to 3.4%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.
- Portland-South Portland, ME unemployment rate is 35 bps below the national rate which is a positive sign.
- Unemployment in the market is 130 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in March versus prior month by 3.6% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:
- Education & Healthcare: 43,100; +600
- Transportation & Utilities: 37,500; no change
- Business Services: 30,000; +400
- Government: 23,100; +100
- Restaurants & Hotels: 17,100; +200
- Financial Services: 16,800; no change
- Manufacturing: 15,600; +100
- Construction, Mining: 10,000; no change
- Other Jobs: 7,600; +100
- IT & Development: 3,200; +100
Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.