Maine unemployment rate remains 5.5 percent for July
Maine’s July unemployment rate remained unchanged from June at 5.5 percent, well below the national average of 6.2 percent but in the middle of the pack within New England.
Jobless rates for the other New England states were 4.4 percent in New Hampshire, 3.7 percent in Vermont, 5.6 percent in Massachusetts, 7.7 percent in Rhode Island and 6.6 percent in Connecticut, according to preliminary data from the U.S. Department of Labor.
Maine’s unemployment rate in July 2013 was 6.7 percent.
According to a news release from the Maine Department of Labor, the data show the number of unemployed declined 8,700 over the year to 38,800.
PriceWaterhouse to pay $25 million in bank case
PriceWaterhouseCoopers will pay $25 million and face a two-year suspension from consulting for new bank clients under an agreement with New York regulators following an investigation that showed the company improperly altered a report about Bank of Tokyo Mitsubishi laundering money.
Monday’s agreement followed a $250 million settlement between the bank and the same regulators last year.
— From staff and news services