Category Archives: Economy

Maine-based companies got dinged, too, in Monday’s market correction

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Maine has few publicly traded companies, but the stock prices of those headquartered here and those with major ties to the state did get dinged in the market-wide correction Monday. By the market’s close, the S&P 500 index was down 3.94 percent and the Dow Jones industrial average was down 3.57 percent, after early-morning panic that saw some […]

Does a weak loonie put a dent in Canadian tourism to Maine?

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The Canadian dollar is at its weakest since December 2005. But the loonie’s current slump, to about 77 cents to the U.S. dollar Wednesday, comes at an unusual time of year: the peak season for Canadian tourism to Maine. That has some in the hospitality industry concerned that Canadian tourists will forego trips or curtail spending on their vacations, as the Canadian dollar […]

Where the most Maine businesses are going it alone

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Per capita, Knox County is Maine’s capital for solo business owners. Census figures released Thursday show businesses that have no employees, by county. For every 100 people, Knox County has 12.7 businesses with no employees, most of which are sole proprietorships. Hancock and Lincoln counties are close behind. The census bureau excludes these businesses from its data for their relatively small economic impact […]

Report: Women make up 70 percent of Maine’s minimum wage workers

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Analysis by the National Women’s Law Center estimated women in Maine make up a disproportionate share of the state’s minimum wage workers, putting it among the six states with the highest such gap. The NWLC analysis issued Wednesday is based on unpublished annual average wage and salary earnings from the U.S. Department of Labor’s Bureau of Labor Statistics and reflect […]

Maine exports to China, Japan have declined over past two years

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A trade delegation from Maine will head to China and Japan later this year, hoping to bolster trade where it has been on the decline in recent years. The drop in 2014 was due mostly to declines in paper-related exports, like wood pulp. That’s appeared to turn around so far in the first two months of 2015 […]

Women make up less than a quarter of Maine’s top earners

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It’s Equal Pay Day, when the national gap in earnings between men and women (in all its various forms) takes center stage. The Pew Research Center reported today that the pay gap appears to be shrinking among younger women, at a rate The Washington Post projected would eliminate the pay gap in Maine by about 2057. Maine’s disparity in pay is about 3 […]