Last month’s job growth helped shrink the unemployment rate to 3.6%, just above the half-century low of 3.5% that was reached 2 years ago.
Business
Local, state and national business news from the Sun Journal.
Are the whales leaving? Gulf of Maine research raises questions about new lobstering rules
The endangered North Atlantic right whale’s preferred food source is moving north, out of Maine waters. Lobstermen say the change warrants a second look at new fishing restrictions set to take effect May 1.
President of workforce builder FocusMaine stepping down
Kimberly Hamilton, the organization’s inaugural president, is slated to leave her position on July 1.
State launches $16 million grant program for seafood dealers, processors
The program is a component of the governor’s Maine Jobs and Recovery Plan, investing federal American Rescue Plan Act funds in Maine people and businesses.
The economy needs change; there aren’t enough coins in circulation
Businesses that include banks, retail outlets, truck stops and grocery stores ask the Treasury Department for more help convincing Americans to get coins back in circulation.
Putin demands payment in rubles for Russia’s gas, but leaves a loophole
European leaders insist payment will remain in euros and dollars and want to see the fine print of how the decree will be implemented.
Question: Should Maine put the brakes on its vehicle safety inspections?
Maine lawmakers want to increase inspection fees to finance the creation of an electronic inspection system. Should we even be doing safety inspections?
OPEC sticks to modest boost in oil despite war jitters
The alliance, which includes Russia, has been unmoved by pleas from oil-consuming countries to pump more oil as energy prices soar.
Biden tapping oil reserve, aims to cut gas prices ‘fairly significantly’
The president also wants Congress to impose financial penalties on oil and gas companies that lease public lands but are not producing.
More Americans apply for jobless benefits; layoffs still low
Job openings hovered at a near-record level in February, continuing a trend that Federal Reserve officials see as a driver of inflation.