Economic Factors for Veterans in Maine
Data about Maine's veteran representation in the labor force was released by the Center for Workforce Research and Information in May 2018. According to the Center, workforce participation rates for Maine's veterans were:
- 49% of the State’s veterans are active in the labor force, compared to 66% of non-veterans
- Veterans are more likely to have a disability that prevents them from being in the labor force (those not looking for work are not counted as unemployed)
- Overall labor force participation by veterans is lower than non-veterans because most veterans are retirement age.
- Over half of Maine veterans (51%) are 65 and over
- In 2017, Maine recorded the lowest rate of unemployment amongst veterans in the United States (1.7%)
Maine Veterans
Facts & Figures
109,000 - Number of Veterans in the State of Maine
11% - Share of Maine’s adult population who are Veterans
51% - Percent of Veterans that are 65 years of age or older
25% - Percent of Veterans with a bachelor’s degree or higher
36% - Percent of Veterans with some college credit
24% - Percent of Veterans receiving disability compensation
