The coincident indexes combine four state level indicators to summarize the current economic conditions as a single statistic. The four variables are nonfarm payroll employment, average hours worked in manufacturing, unemployment rate and wage and salary disbursements.
Maine was recently in the Red as were most states back in 2009 as can be seen in the Map below.
Since that time Maine has had a turn around. In 2010 Maine said enough of the economic policies of the past that had kept the state down. Governor Paul LePage was elected and the rest has been economic history. Having a businessman in office has helped the state thrive and Maine is one of the few states leading the nation with economic growth. Actions do Speak Louder than Words.
To find out more about Gov Paul LePage and the way he has been turning around the state - like him on Facebook or find him on the web at LePage2014.
This has been posted on LePages facebook page. There are a lot of comments supporting or not what LePage has done. Keep in mind that while the Federal Reserve has indicated an improvement this does not mean that there are jobs galore ripe for the picking. Nor does it mean that these jobs are all in the southern part of the state. Many of the jobs that have been created are available in areas of Maine that need them the most.
ReplyDeleteRegardless - 3 years of Paul LePage has seen an improvement in Maine's economics.
While what Paul LePage has done may not be perfect at least he has had the goal of making Maine a better place. For years Maine has gone down the road of giving a hand out. LePage is changing that by giving a hand up.
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