Unemployment and Labor Force.
There were 16.3 million unemployed people in July, down 1.4 million from the prior month, BLS said. Estimates from 2010 forward were re-calculated using the new methodology along with data inputs from the Census Bureau’s American Community Survey. Data is derived from the Local Area Unemployment Statistics (LAUS) program. Notably, at 9.3 percent Maine has the lowest unemployment rate in New England in May 2020. In order to compare employment and unemployment data for any pair of months accurately, a statistical technique known as seasonal adjustment is used.The labor force includes all persons 16 years of age and over who are employed, or unemployed and actively seeking employment. According to the BLS current population survey (CPS), the unemployment rate for Maine fell 2.8 percentage points in June 2020 to 6.6%.The state unemployment rate was 4.5 percentage points lower than the national rate for the month.
Those involved in a labor-management dispute are also included. (The Department of Labor is an equal opportunity provider. Findings. Detailed information is available The unemployment rate is measured in a top down format. Maine Unemployment. The main activities NOT included in Covered employment are self-employment, railroads, and small agricultural activities.Most economic series, including employment and unemployment data, are affected by seasonal variations. The Portland-South Portland area continued to be the most affected by the coronavirus-related downturn, with 84 percent as many jobs in May as there were in February.Maine gained 14,300 nonfarm jobs, primarily in the leisure and hospitality, manufacturing, retail trade, and healthcare and social assistance sectors, each of which had sharp job losses in the previous two months. The Local Area Unemployment Statistics program began publishing unemployment and labor force estimates for the current Labor Market Area Covered employment refers to those employers who fall under the coverage of the state and federal unemployment insurance programs and pay unemployment taxes on their workers.
The most recent data for April show that lodging and restaurant sales taxes, which reflect overall sales, were down a combined 62.5 percent compared to the year before, according to Despite the jobs gained in May, the number of nonfarm jobs remains 90,200 lower than in February, reflecting the devastating effect the coronavirus has had on the economy. The chart above shows the unemployment rate in each US state as of June 2020, the change from the previous month, and the rate one year prior. LAUS is a Federal-State cooperative program that develops monthly estimates of the labor force, employment, unemployment, and unemployment rates for the state, counties, labor market areas, metropolitan and micropolitan statistical areas, and cities and towns … As part of the process, any changes in the inputs, such as revision in the Current Employment Statistics-based employment figures or unemployment insurance claims counts, and updated historical relationships, are incorporated.A Labor Market Area (LMA) consists of an economic center and the associated cities/towns in the vicinity. Demand for unemployment aid remains high in Maine even as new claims dip. It does not include retired people, full-time students, full-time homemakers and inmates who are either engaged in work search or available to work, said Glenn Mills, the state’s labor economist.Mills said that in normal times, the unemployment rate accurately reflects the labor force, but the pandemic has disrupted data collection and the way people engage in searching for jobs to be counted as unemployed. The national unemployment rate was 10.2 percent in July, down from 11.1 percent in June, and 13.3 percent in May. The unemployment rate in Maine peaked in April 2020 at 10.4% and is now 3.8 percentage points lower.
So almost 32,000 people also weren’t counted in the unemployment data.Adding those two categories of unemployed people means the unofficial number of unemployed in Maine is about 125,300. Click to email this to a friend (Opens in new window) The rate peaked in April at 14.7 percent as the economy was hit by the COVID-19 pandemic. The state information is then used through a model-based module to generate the substate (i.e. That translates into an 18 percent unemployment rate, about double the 9.3 percent reported Friday, he said.“So this is a situation where the unemployment rate is not reflecting what’s actually occurring to an extent that I’ve never seen before,” Mills said.The state’s several-year streak of low unemployment ended in April, when the jobless rate On Thursday, the Maine Department of Labor reported fewer new unemployment claims, some The U.S. unemployment rate for May, released on June 5, declined to Maine’s June workforce estimates will be published Friday, July 17. county/city) data.The term "benchmarked" (in the LAUS program) refers to forcing the monthly statewide model-based estimates to population controlled Current Population Survey annual average estimates.
US Unemployment Rates, June 2020. They should have been classified as “temporarily unemployed” and counted in the unemployment rate, Mills said. From February to May, Maine’s labor force shrank by 31,000 people, he said.Another issue is that people who are laid off and expect to go back to their jobs were classified by the U.S. Bureau of Labor Statistics as “employed, not at work,” which usually is a description given to those on vacation or maternity leave.
Stay-at-home orders prevented people from searching for work or being available to work.