- 4,112 more businesses
- 30,858 more employees
- 29.3% increase in total wages
- $7,709 in additional annual wages per employee
- 21.6% increase in wages per employee
Since 2009, the number of businesses in Maine has grown by 8.8% (0.7% less than the national average of 9.5%). Employment in Maine has grown by 6.4% (8.0% less than the national average of 14.4%). Wages have grown by 21.6% since the end of the Great Recession. This wage growth is 1.0% less than the national average of 22.5%.
The average weekly wage in Maine of $836 is 21.4% below the national average of $1,064. The gap between the national average has widened from 20.7% a widening of 0.7% since the end of the recession.
The Retail trade sector has the most businesses in the state of Maine . Since the end of the recession, the number of businesses has grown from 6,410 to 6,170, a gain of -3.7%. The table below illustrates the change in number of businesses in each sector:
|Accommodation and food services||4,209||3,912||7.6%|
|Finance and insurance||2,136||2,130||0.3%|
|Real estate and rental||1,691||1,686||0.3%|
|Transport and warehousing||1,412||1,398||1.0%|
|Agriculture and forestry||1,332||1,097||21.4%|
|Arts and entertainment||910||809||12.5%|
|Mining and oil extraction||38||39||-2.6%|
The Construction sector has contracted since 2009 losing 475 businesses for a decline of 7.9%. The Wholesale trade and Mining and oil extraction sectors are the other 2 that lost businesses since the recession, declining 3.4% and 2.6% respectively. Professional services, Healthcare and Waste services fueled a lot of the growth in businesses since 2009 with these sectors expanding by 16.0%, 26.4% and 21.2% respectively.
The Healthcare sector employs the most workers in the state of Maine . The number of jobs has increased 5.7% since the end of the recession from 99,395 to 105,079. The table below illustrates the change in employment in each sector:
|Accommodation and food services||58,166||51,143||13.7%|
|Finance and insurance||22,757||24,023||-5.3%|
|Transport and warehousing||16,838||15,091||11.6%|
|Arts and entertainment||9,189||8,035||14.4%|
|Real estate and rental||6,660||6,679||-0.3%|
|Agriculture and forestry||6,608||0||0.0%|
|Mining and oil extraction||209||0||0.0%|
Two of the top four employing sectors lost employees since the recession. Retail trade declined by 1% and Manufacturing declined 2.7%. The sectors adding the most employees are the Waste services sector (+21.8%) and the Accommodation and food services sector (+13.7%).
The sector with the highest wages is the Utilities sector at $1,688. Prior to the recession, the sector’s average weekly wage was $1,210. This is an increase of $478 per week or 39.5%. The table below illustrates the change in average weekly wages in each sector:
|Finance and insurance||$1,405||$1,036||35.6%|
|Real estate and rental||$801||$622||28.8%|
|Transport and warehousing||$784||$688||14.0%|
|Arts and entertainment||$472||$408||15.7%|
|Accommodation and food services||$396||$296||33.8%|
Employees in most of the sectors in Maine experienced good wage growth. The best growth was in the Utilities sector (mentioned above), the Finance and insurance sector which grew by 35.6% and the Accommodation and food services sector which grew by 33.8%.
Each of the sectors in the previous section are made up of a number of detailed industries. The top industry that has experienced the most growth (as a percent) since the recession is Services for the elderly and disabled which has grown 524.4%. The top industry that has contracted the most is Wholesale trade agents and brokers which has contracted by 12.6% in the years since the recession. The table below illustrates the 10 largest industries and their change in the number of businesses since the recession:
|Wholesale trade agents and brokers||1,581||1,808||-12.6%|
|Residential building construction||1,525||1,560||-2.2%|
|Computer systems design and related services||1,479||996||48.5%|
|Services for the elderly and disabled||1,330||213||524.4%|
|Management consulting services||899||614||46.4%|
|Automotive mechanical and electrical repair||706||608||16.1%|
|Offices of lawyers||703||710||-1.0%|
|Plumbing and hvac contractors||684||703||-2.7%|
The industry that has experienced the most growth in number of employees (as a percent) since the recession is Temporary help services which has grown 61.1%. The industry that has lost the most employees is Nursing care facilities, skilled nursing which has contracted by 16.9% in the years since the recession. The table below illustrates the 10 largest industries and their change in the number of employees since the recession:
|General medical and surgical hospitals||32,039||30,082||6.5%|
|Supermarkets and other grocery stores||15,587||15,295||1.9%|
|Offices of physicians||10,746||10,083||6.6%|
|Management of companies and enterprises||10,478||6,749||55.3%|
|Services for the elderly and disabled||9,491||7,399||28.3%|
|Nursing care facilities, skilled nursing||9,226||11,099||-16.9%|
|Hotels and motels, except casino hotels||9,097||8,065||12.8%|
|Temporary help services||7,170||4,451||61.1%|
|Ship and boat building||7,029||6,394||9.9%|
|Gasoline stations with convenience stores||6,675||6,249||6.8%|
Since the recession ended, the industry that has experienced the greatest increase in average weekly pay per employee (as a percent) is Ice cream and frozen dessert manufacturing which has grown 235.0%. The average weekly wage in the Computer and software merchant wholesalers industry has grown by 34.3% since the recession. This is the industry with the lowest wage growth among top industries in Maine . The table below illustrates the 10 largest industries and their change in the average weekly wages since the recession:
|Industrial design services||$2,263||$1,190||90.2%|
|Computer and software merchant wholesalers||$2,242||$1,670||34.3%|
|Pharmaceutical and medicine manufacturing||$2,240||$1,450||54.5%|
|Agents and managers for public figures||$2,215||$1,488||48.9%|
|Ice cream and frozen dessert manufacturing||$2,087||$623||235.0%|
|Business to business electronic markets||$2,073||$924||124.4%|
Please note, during the comparison period the NAICS coding has had changes made to it. For proper comparisons we are only including industries that have NOT been affected by these changes.
The biggest percentage change in the number of businesses has been in businesses with 1,000 or more employees. The number of businesses with this number of employees has grown from 13 to 16, which is an increase of 23.1%.
The worst percentage change in the number of businesses has been in businesses with 500 to 999 employees. The number of businesses with this number of employees has declined from 40 to 33, which is a decrease of 17.5%.
Table: Change in the number of Businesses by Size of Business, since the Recession:
|Company Size||Q1 2018||Q1 2010||% Change|
|Fewer than 5 Employees||32,791||29,073||12.8%|
|More Than 1,000 Employees||16||13||23.1%|
The biggest percentage change in the number of employees has been in businesses with 1,000 or more employees. The number of employees in companies this size has grown from 29,015 to 40,223, which is an increase of 38.6%.
The worst percentage change in the number of employees has been in businesses with 500 to 999 employees. The number of employees with this number of employees has declined from 27,758 to 22,849, which is a decrease of 17.7%.
Table: Change in the number of Employees by Size of Business, since the Recession:
|Company Size||Q1 2018||Q1 2010||% Change|
|Fewer than 5 Employees||44,084||40,652||8.4%|
|More Than 1,000 Employees||40,223||29,015||38.6%|
The biggest percentage change in the average weekly wage has been in businesses with 250 to 499 employees. The average weekly wage in companies this size has grown from $752 to $1,085, which is an increase of 44.3%.
The smallest percentage change in the average weekly wage has been in businesses with 10 to 19 employees. The average weekly wage in companies this size has grown from $564 to $708, which is an increase of 25.5%.
Table: Change Average Weekly Wage by Size Since the Recession:
|Company Size||Q1 2018||Q1 2010||% Change|
|Fewer than 5 Employees||$907||$660||37.4%|
|More Than 1,000 Employees||$1,430||$1,133||26.2%|
This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.