On the first Friday of each month (unless there’s a government shutdown), the Department of Labor releases the official national unemployment report. The results often lead the nightly news and provide headlines in the next day’s newspapers. Financial markets and political polls rise and fall on these findings. In Maine, there is a similar, if more subdued, reaction around the middle of the month upon release of the official state unemployment figures.
State General Fund revenue for the two-year period that began in July 2013 (Fiscal Years 2014 and 2015) will be about $20.6 million (0.3%) higher than previously forecast, according to the latest report from the state’s forecasting committee. The general fund is the primary source of state funding for education, health care, public safety and corrections, and conservation and natural resources.