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April 23, 2018

Maine jobless rate falls to 2.7% in March

The Maine unemployment rate fell to 2.7% in March, according to preliminary estimates released on Friday.

The Maine Department of Labor said that the preliminary seasonally adjusted unemployment rate estimate of 2.7% of March was down slightly from 2.9% for February and from 3.3% a year ago.

The number of unemployed fell by 4,000 from a year ago to 19,100.

Maine’s unemployment rate has been below 4.0% for 28 consecutive months, the longest period on record.

Nationwide, the U.S. preliminary unemployment rate of 4.1% for March has been unchanged for six months. It is down from 4.7% a year ago. The New England average was 3.6%.

Elsewhere in the region, March unemployment was 2.6% in New Hampshire, 2.8% in Vermont, 3.5% in Massachusetts, 4.5% in Rhode Island and 4.5% in Connecticut, according to preliminary estimates.

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