November 21, 2008
Jobless rate continues slide in October
By The Mainebiz News Staff
The slowing economy continued to weaken Maine's labor market in October.
The state's unemployment rate in October was 5.7%, up from 5.6% in September and 4.9% since October 2007, according to preliminary seasonally-adjusted data from the Maine Department of Labor. In the past year, the labor department recorded a decline of 4,000 jobs. While professional and business services and educational and health services recorded job gains over the past year, trade, transportation and utilities; construction; financial activities; government; manufacturing; leisure and hospitality services; and information all recorded job losses.
The national unemployment rate was 6.5% in October, up from 6.1% in September and 4.8% in October 2007.
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