Business - Portland Press Herald

Fed is hoping August hiring report will show slowdown

by CHRISTOPHER RUGABER Associated Press September 1, 2022September 1, 2022

A weaker pace of hiring should help moderate wage increases and lift hopes that inflation pressures are starting to ease.

Business, Maine, News

Thirteen Mainers talk about why they made a job change

September 1, 2022October 2, 2022

Employers have struggled to fill positions since the pandemic upended Maine’s workforce

Business, Health, Maine, News

Health insurance premiums for Maine small businesses to decline slightly in 2023

by Joe Lawlor September 1, 2022September 2, 2022

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.’

Business, Nation & World, News

Mortgage rates rise to 5.66%, weigh on housing market

by MATT OTT AP Business Writer September 1, 2022September 1, 2022

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.

Business, Nation & World, News

Fewer Americans file for jobless benefits last week

by MATT OTT Associated Press September 1, 2022September 1, 2022

Applications for jobless aid for the week ending Aug. 27 fell by 5,000 to 232,000.

Business, People on the Move

The MEMIC Group names Maryann Hoff as its new VP of loss control and safety

by Staff Report September 1, 2022January 8, 2026

NEW HIRES Sevee & Maher Engineers has hired Thomas Neilson as a senior geologist. Neilson brings more than 10 years of experience performing geologic and hydrogeologic assessments for drinking water supply, environmental site investigation and site remediation projects. Peter Mohlin, an environmental compliance specialist, also joined the firm. Mohlin is a project manager with over […]

Business, Food, Maine

Arizona lobster roll chain buys processing plant and wharf in Maine

by Tim Cebula September 1, 2022September 1, 2022

Owning the facilities eliminates middlemen, which the company says allows it to pay its workers competitive wages and keep lobster roll prices cheap for customers in the Southwest.