Measures of Growth 2017

Measures of Growth is an annual report put out by the Maine Development Foundation for the Maine Economic Growth Council that looks at a variety of metrics to evaluate Maine’s economic growth and potential. This year’s report came out recently, and contains typically useful information.

There were indicators in a variety of areas that may be of interest to MEOC participants and partners.

Employment and workforce – Jobs are projected to increase each year. With that comes a unique challenge to Mainers, as the projected amount of workers available for these jobs is also projected to decrease. In large part, this is due to Maine’s status as a rapidly aging state.

The job sectors that see the most projected growth include Health Care and Social Assistance, Leisure and Hospitality, Construction, Professional and Business Services, and Education Services. One issue facing Maine is that many of these jobs require significant training, including postsecondary education of a variety of types, including professional certificates, associates, bachelors degrees, and sometimes more. Continue reading