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Employment question

Is the job market stable in Maine?

A direct, data-backed answer using unemployment, workforce participation, earnings, and industry concentration signals.

52

/ 100

Employment and income stability

Short answer

It is near the middle for job-market stability.

Maine (ME) has a score of 52, compared against other states. The score reflects unemployment, labor-force participation, employment rate, earnings, earnings trend, volatility, and industry concentration where available. Coverage: State-backed. This answer uses state-level employment data for Maine; city pages may use city, county, metro, or state-backed data depending on source coverage.

Source and freshness

Score versionV3
CoverageState-backed
Latest year2024

ACS 2024 5-year

View data freshness →

Top drivers in this score

  • Industry concentration (HHI)

    0.10

    Risk pressure percentile: 82

  • Unemployment volatility (12-mo)

    0.2%

    Risk pressure percentile: 78

  • Labor force participation

    61.6%

    Risk pressure percentile: 72

How this compares

Relative risk score51.7
Median (states)47.6
Delta vs median+4.1

Approximate percentile: 52 of 100

Coverage and confidence

Scope usedState-backed
Metric coverage7/7
ConfidenceHigh confidence

Most core metrics are available at state level.

Metrics used

Unemployment rate3.8%
Unemployment volatility (12-mo)0.2%
Labor force participation61.6%
Employment rate (16+)59.2%
Median earnings (full-time, year-round)$44,488
Earnings trend (YoY)+5.0%
Industry concentration (HHI)0.10

Why it matters

Employment stability affects financial risk because income shocks can make regular expenses harder to absorb.

View full employment risk detail

Common follow-ups

Is the job market stable in Maine?

Maine (ME) has a score of 52, compared against other states. The score reflects unemployment, labor-force participation, employment rate, earnings, earnings trend, volatility, and industry concentration where available. Coverage: State-backed. This answer uses state-level employment data for Maine; city pages may use city, county, metro, or state-backed data depending on source coverage.

What employment data is used for Maine?

FinancialRiskIQ uses public indicators such as unemployment rate, unemployment volatility, labor force participation, employment rate, median earnings, earnings trend, and industry concentration. This state answer uses ACS 2024 5-year (2024).

Why does employment stability affect financial risk?

Less stable job and income conditions can make bills, savings, and debt payments harder to plan around at a population level.