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Fact Book: Doing Business in Maine 2020

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W W W. M A I N E B I Z . B I Z 73 Fact Book / Doing Business in Maine WO R K F O R C E 2014 2024 Percentage change 2014–2024 Health care and social assistance 101,070 109,923 8.8% Professional and business services 63,479 68,325 7.6% Educational services 12,318 12,848 4.3% Leisure and hospitality 63,191 65,641 3.9% Other services 22,916 23,286 1.6% Construction 26,008 26,233 0.9% Retail trade 81,666 81,983 0.4% Transportation and warehousing 16,467 16,505 0.2% Financial activities 31,146 31,123 -0.1% Wholesale trade 19,770 19,194 -2.9% Natural resources and mining 6,420 6,212 -3.2% Government 95,510 91,930 -3.7% Information 7,403 6,715 -9.3% Utilities 1,551 1,400 -9.7% Manufacturing 50,180 43,695 -12.9% Total employment 661,444 666,763 0.8% Employment growth by industry Ranked by percentage change, 2014–2024 S O U R C E : Maine Department of Labor, Center for Workforce Research & Information, Job Outlook to 2024 Average weekly wage, 2007 Average weekly wage, 2016 Percent change, 2007–2016 1 Lincoln $533 $657 23.3% 2 Aroostook $532 $655 23.1% 3 Cumberland $767 $944 23.1% 4 Waldo $582 $715 22.9% 5 York $604 $740 22.5% 6 Sagadahoc $763 $930 21.9% 7 Kennebec $599 $730 21.9% 8 Somerset $623 $756 21.3% 9 Washington $540 $655 21.3% 10 Penobscot $615 $744 21.0% 11 Knox $581 $702 20.8% 12 Androscoggin $637 $768 20.6% 13 Piscataquis $482 $573 18.9% 14 Oxford $579 $686 18.5% 15 Hancock $609 $708 16.3% 16 Franklin $603 $643 6.6% MAINE $663 $810 22.2% Maine average weekly wage, 1 by county Ranked by percent change 2007–2016 1 Average wages may be influenced by seasonal factors, bonus and retroactive payments, high proportions of part-time workers or large amounts of overtime work. S O U R C E : Maine Department of Labor, Center for Workforce Research & Information Industry Average weekly wage 1 Utilities $1,889 2 Professional and technical services $1,551 3 Management of companies and enterprises $1,472 4 Finance and insurance $1,384 5 Wholesale trade $1,248 6 Mining $1,168 7 Manufacturing $1,098 8 Information $1,037 9 Construction $1,021 10 Health care and social assistance $928 ALL INDUSTRIES $881 Maine's highest paid industries, Q4 2017 Ranked by average weekly wage 1 1 Average weekly wage may be influenced by seasonal factors, bonus and retroactive payments, high proportions of part-time workers or large amounts of overtime work. S O U R C E : Maine Department of Labor, Center for Workforce Research & Information Total employment Per capita personal income 2012 797,294 $39,814 2013 803,983 $39,703 2014 811,622 $41,209 2015 817,356 $42,875 2016 827,579 $44,094 2017 N/A $45,072 Employment and personal income, 2012–2017 N/A: not available. S O U R C E : U.S. Bureau of Economic Analysis Average annual employment growth, by major industry sector Ranked by percent change, 2016–2017 S O U R C E : Maine Department of Labor, Center for Workforce Research & Information Percent change 2016–2017 2017 2016 Government 0.20% 95,897 95,701 Service providing 0.94% 427,274 423,313 Goods producing 1.50% 85,962 84,689 AVERAGE EMPLOYMENT 200 200 IDEAS FOR MAINE'S BICENTENNIAL Maine's potato production is tops in the nation in the 1940s, thanks to fertile farmland. In the 1950s, there were 21 factories, processing canned blueberries. Maine was the nation's largest producer, with 10 million pounds from 100,000 acres. Today, with improved manage- ment, Maine produces 100 million pounds on 44,000 acres.

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