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FOR IMMEDIATE RELEASE: July 18, 2014
Contact: Glenn Mills (207) 621-5192
State Labor Commissioner Jeanne Paquette released June workforce estimates, noting the unemployment rate was down and the employment to population ratio was up over the last year. Job growth was spread across a number of sectors.
Seasonally Adjusted Statewide Data
Household Survey Estimates
The preliminary seasonally adjusted unemployment rate of 5.5 percent for June was the lowest since August 2008. The estimate is down from 5.7 percent in May and 6.7 percent one year ago. The number of unemployed declined 8,200 over the year to 39,300.
The share of the population that is employed was estimated at 61.6 percent, well above the U.S. average of 59.0 percent. June was the 81st consecutive month the employment to population ratio was above the national average.
The U.S. unemployment rate estimate declined to 6.1 percent from 6.3 percent in May and 7.5 percent one year ago. The New England unemployment rate averaged 5.7 percent. Rates for other states were 4.4 percent in New Hampshire, 3.5 percent in Vermont, 5.5 percent in Massachusetts, 7.9 percent in Rhode Island, and 6.7 percent in Connecticut.
Payroll Survey Estimates
The preliminary nonfarm payroll jobs estimate for June is 611,400, up 8,000 from one year ago. Private sector jobs were up 8,800, primarily in the leisure and hospitality, professional and business services, retail trade, and education and healthcare sectors. Those gains were partially offset by a decline of 800 jobs in government.
Not Seasonally Adjusted Substate Data
The not seasonally adjusted statewide unemployment rate was 5.1 percent in June, down from 6.6 percent one year ago. Not seasonally adjusted rates ranged from 4.1 percent in Cumberland County to 7.7 percent in Aroostook and Washington Counties. Rates tended to be lower than the statewide average in southern and central counties and higher than average in northern and rim counties.
Among metro areas the unemployment rate was below the statewide average in Portland-South Portland-Biddeford (4.1 percent) and Lewiston-Auburn (4.9 percent) and at the statewide average in Bangor (5.1 percent).
July estimates will be released Monday, August 18 (Data Release Schedule).
1. Preliminary labor force estimates, including unemployment and employment to population ratios for Maine tend to move in a direction for several months and then reverse course. Those directional trends are largely driven by a smoothing procedure and may not indicate a change in underlying workforce conditions. Annual revisions (to be published in March 2015) will eliminate those directional patterns. A comparison of preliminary and annually revised unemployment rates is available at http://cwri.blogspot.com/2014/03/workforce-data-revisions-part-1.html.
2. Nonfarm payroll jobs estimates tend to be volatile from month to month. Estimates for the period from October 2013 to September 2014 will be replaced with actual payroll data in March 2015. The job count is likely to show less volatility than preliminary estimates.