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Maine is on track to make history for the lowest annual unemployment rate ever recorded.
According to the Portland Press Herald, in spite of a small uptick in October to 2.8%, 2023’s unemployment rate has remained below 4% for the past 23 consecutive months, The lowest rate ever recorded was 2.4% from April to July of this year.
With a national average of 3.9%, Maine stands in 10th place for the lowest unemployment rate.
The state began recording the percentage of unemployed Mainers since 1976.
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