October 13, 2020
For Immediate Release: October 13, 2020
Maine Department of Labor Releases Ten-Year Workforce Outlook
AUGUSTA - Today, the Maine Department of Labor's Center for Workforce Research and Information (CWRI) released its employment projections for the period from 2018 to 2028.
Employment Outlook to 2028 highlights the broad demographic trends in Maine that affect the projected size and rate of change in the states employment environment. This forecast replaces the prior 10-year forecast for 2016 to 2026, which was published in 2018. In this new report, the CWRI is finding:
- Overall employment in Maine is forecasted to decline slightly between 2018 and 2028 as the number of "baby boomers" reaching traditional retirement age outpaces the number of young people aging into the labor force;
- More than 750,000 job openings are forecasted in the decade through 2028, which reflects the dynamism in Maines labor market;
- Normal gains in productivity by Maines labor force may meet or exceed 100 percent of the demand for products and services of its population, even if overall employment declines as forecast;
The full narrative is available at https://www.maine.gov/labor/cwri/publications/pdf/EmploymentOutlookto2028.pdf .
The data is available at https://www.maine.gov/labor/cwri/outlook.html .