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DLLR's Division of Workforce Development and Adult Learning

 

Labor Force and Industry Developments - Monthly Labor Review - December 2012

 

Maryland Gains 4,900 Jobs in December

Private sector employers create 7,700

The U.S. Department of Labor's Bureau of Labor Statistics (BLS) released state jobs and unemployment data earlier today. According to the preliminary survey data, Maryland gained 4,900 jobs in December. The private sector was the source of the December job rise, posting a total gain of 7,700 jobs. This is the best December for Maryland’s private sector since 1990.

The preliminary November jobs report was revised upward. The 3,100 job loss previously reported for the October – November period was cut to 1,500 jobs.

According to the BLS, Maryland’s November unemployment rate remained unchanged at 6.6 percent. Additionally, the unemployment rate remained steady at 6.6 percent for December.

 
Seasonally Adjusted Unemployment Rates - Maryland and US - 
       December 2011 through December 2012
 
Seasonally Adjusted Unemployment Rates
Maryland and US
December 2011 through December 2012
   
  MD US
Dec 11 6.6% 8.5%
Jan 12 6.5% 8.3%
Feb 6.5% 8.3%
Mar 6.6% 8.2%
Apr 6.7% 8.1%
May 6.7% 8.2%
June 6.9% 8.2%
July 7.0% 8.2%
Aug 7.1% 8.1%
Sept 6.9% 7.8%
Oct 6.7% 7.9%
Nov 6.6% 7.8%
Dec 6.6% 7.8%
 

“We’re pleased that our investments in workforce training and education are continuing to pay off,” said Maryland Labor Secretary Leonard Howie. “Our schools have been ranked number one for the fifth straight year and over-the-year, our private sector employers have gained 30,300 jobs.”

The Leisure/Hospitality sector led the private sector job growth, adding 2,300 jobs over-the-month. The Professional and Business Services sector followed closely behind, with a gain of 2,100 jobs. The Natural Resources/ Mining/Construction sector gained 1,300 jobs over-the-month. 

December jobs are 21,100 above last year's business payroll total. The Professional/Business Services sector continues to be a focal point in over-the-year expansion, distinguished as both the fastest growing (5.3 percent) and largest job producer (21,300 jobs) among the major sectors since December 2011. Nearly seven out of every 10 jobs gained in this sector over-the-year have been created by firms engaged in providing professional, scientific and technical services such as accounting, architectural, engineering and computer systems design services.

The Department of Labor, Licensing and Regulation protects and empowers Marylanders by safeguarding workers, protecting consumers, providing a safety net and cultivating a thriving workforce that can meet the demands of Maryland’s dynamic economy. Follow DLLR on Twitter (@MD_DLLR) and Facebook.

 

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