Border crossings were down nearly 30% in August compared to last year. In spots like Calais and Houlton, the difference is palpable.
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Posted inBusiness, Local & State, Nation & World, News
Rising inflation strains Americans and affects rent, minimum wage in Maine
Inflation rose last month as the price of gas, groceries, and airfares jumped, while a measure of layoffs also increased, putting the Federal Reserve in a tough spot as it prepares to cut rates at its meeting next week despite persistent price pressures.
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Posted inBusiness, Local & State, News
Is Maine approaching, or already in, a recession?
The chief economist at Moody’s Analytics included the state among nearly 2 dozen considered ‘in or at high risk’ of a recession, but the Maine state economist is pushing back and says employment is steady.
Posted inBusiness, Local & State, News
Field hockey preview
Freeport senior Lizalyn Boudreau, center, helps her coach by counting players during Friday’s practice at the high school in Freeport. Boudreau is the flyer on the Falcons’ penalty corner defense. (Daryn Slover/Staff Photographer)
Posted inBusiness, Local & State, News
Thousands of people moved to Maine since the pandemic. The influx isn’t over.
Remote work made it possible for more people to live here. It has helped the state but is straining it, too.
Posted inBusiness, Local & State, News
Why is unemployment so low in Maine, and what does it mean?
Everything from housing and industry booms to fewer job-seekers and the state’s status as the oldest in the nation has contributed to a run of low jobless rates, experts say.
Posted inBusiness, Local & State, News
Tariffs on Canadian goods have increased to 35%. How will Maine be affected?
A pact between the U.S., Canada and Mexico exempts the vast majority of imports from the new tax. But the changes will still hurt Maine’s people and businesses, according to the state chamber of commerce.
Posted inBusiness, Nation & World, News, Politics
Trump injects new dose of uncertainty in tariffs as he pushes start date back to Aug. 7
President Donald Trump’s order imposing new tariffs on goods from scores of countries and the European Union starting in seven days has injected a new dose of uncertainty in an already uncertain process
Posted inBusiness, Local & State, News
Maine Turnpike courts Shake Shack, Chick-fil-A for service plaza upgrades
The turnpike’s new executive director has reopened contract negotiations with the company that runs five service plazas along the toll highway.
Posted inBusiness, Local & State, News
How Maine is creating homes in forgotten and unlikely places
Faced with a vexing housing crisis, Mainers are finding ways to build homes in abandoned and undeveloped spaces. But costs, public opposition and an uncertain economy are impeding progress.