Overall unemployment rate stayed flat at 2.3% with the biggest shift in Education & Healthcare, which gained 1,100 roles, based on the most recently available information published in May 2023.
Total employment in the Portland-South Portland, ME market rose by 789 jobs in March and the unemployment rate stayed flat. The national unemployment rate decreased by 27 bps over the same time to 3.6%.
- Portland-South Portland, ME unemployment rate is 132 bps below the national rate which is a positive sign.
- Unemployment in the market is 60 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 5.2% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:
- Education & Healthcare: 45,700; +1,100
- Transportation & Utilities: 37,000; -400
- Business Services: 31,500; +300
- Government: 23,700; no change
- Restaurants & Hotels: 17,300; +100
- Financial Services: 16,500; no change
- Manufacturing: 15,500; no change
- Construction, Mining: 10,600; +100
- Other Jobs: 7,600; no change
- IT & Development: 3,200; -100
Data is based on the most recent 12 months available, through March 2023 (Data published May 2023 and reports created on May 9,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.