Even though the job gain declined from July, the report still pointed to a resilient labor market and an economy that is not near recession.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Maine, News
August rains eased drought, but parched areas remain
Less than half of the state was experiencing drought conditions as of Aug. 30, down from 72 percent just over a month ago.
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Posted inBusiness, Nation & World
Labor board rebuffs Amazon’s attempt to scrap union victory
‘Today is a great day for Labor,’ Chris Smalls, a fired Amazon worker who now heads the union, wrote in a Tweet celebrating the decision.
Posted inBusiness
When autumn leaves start to fall, will Wall Street follow?
Since 1950, September has brought an average loss of 0.5 percent for the S&P 500.
Posted inBusiness
Stocks end mixed on Wall Street, S&P 500 ekes out a gain
The mixed finish comes as traders look ahead to the Labor Department’s latest monthly job market snapshot Friday.
Posted inBusiness, Nation & World
New online dashboard helps flyers with delays, cancellations
Starting Thursday, travelers will be able to use the dashboard to see what kinds of guarantees, refunds or compensation the major domestic airlines offer in case of flight delays or cancellations.
Posted inBusiness
Fed is hoping August hiring report will show slowdown
A weaker pace of hiring should help moderate wage increases and lift hopes that inflation pressures are starting to ease.
Posted inBusiness, Maine, News
Thirteen Mainers talk about why they made a job change
Employers have struggled to fill positions since the pandemic upended Maine’s workforce
Posted inBusiness, Health, Maine, News
Health insurance premiums for Maine small businesses to decline slightly in 2023
The Mills administration credits a reform combining individual and small-market plans, but Republicans call the 0.8 percent decrease ‘a one-time, election-year minuscule savings.’
Posted inBusiness, Nation & World, News
Mortgage rates rise to 5.66%, weigh on housing market
A once red-hot housing sector has cooled considerably, with many potential home buyers getting pushed out of the market as higher interest rates have added hundreds of dollars to monthly mortgage payments.