Unemployment Rate Drops Again
15,000 private-sector jobs created since 2011
AUGUSTA – Under the leadership of Governor Paul R. LePage, Maine’s unemployment rate in January has fallen to its lowest levels in six years. The January rate is 6.2 percent, down from 7.0 percent one year ago. These new state unemployment figures released today continue to show that pro-jobs, pro-growth, low-tax policies work.
“More Mainers are remaining in the labor force seeking work, and they are finding it,” said Governor LePage. “We have been working hard for three years to improve the business climate in Maine so our companies can do what they do best: create jobs. We have reduced taxes, cut red tape, streamlined regulations and made fiscally responsible decisions to right-size government. All of these factors make Maine more competitive in attracting and retaining jobs.”
The January unemployment rate is the lowest since November 2008. Maine has 6,500 more jobs than a year ago, and 14,700 private-sector jobs have been created since January 2011.
Over the last year, job growth was strongest in retail trade, professional and business services, leisure and hospitality and finance and insurance. The number of private-sector jobs has trended higher since 2010, while jobs in federal, state and local government have declined.
While the nation has seen little improvement in the share of employed population in four years, Maine has experienced the opposite. U.S. unemployment rate declines have been almost entirely due to lower labor force participation as millions of jobless people have stopped looking for work. (Jobless people not looking for work are not counted as unemployed – they are not in the labor force.)
A rising employment-to-population ratio has been the leading factor in declining unemployment rates in Maine the last three years. Maine continues to have a lower unemployment rate and higher share of employed population than national and New England averages.
The share of the population that is employed continued to outpace the national average: 61.2 percent for Maine and 58.8 percent for the nation. Maine’s 61.2% employment-to-population ratio is the highest since January 2009, remaining well above the national average.
The U.S. Bureau of Labor Statistics estimated 5,600 fewer unemployed over the past year. January was the 76th consecutive month the employment-to-population ratio exceeded the national average.
As the unemployment rate continues to fall and more jobs are created, liberals in the Legislature continue to criticize the good news. They even claim that creating no jobs is better than creating non-union jobs.
When asked, "Wouldn't it be better to have Right to Work jobs than to have no jobs at all?" Senate President Justin Alfond said: “No, it wouldn't."
“Career politicians don’t know how to create jobs,” the Governor added. “I spent my entire career in business, and I understand what companies need to succeed. When businesses succeed, Maine families benefit from the good-paying jobs they provide.”
The Governor highlighted the world-class companies that have created jobs in Maine over the past few months, including Barclaycards, Irving Forest Products, Ameridial, Eimskip, Tempus Jets, Maine Wood Concepts, Molnlycke Health Care and many others.
“These companies recognize the great strides our administration has made to transform Maine state government from an adversary into a partner with a ‘can do’ attitude that moves at the speed of business,” said the Governor. “Our pro-growth, pro-business policies have made it easier for them to create more jobs for Mainers.”
For a comprehensive list of public policies, including those that have encouraged job growth, visit the Office of the Governor website and click on the "Moving Maine Forward" booklet.