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DLLR's Division of Workforce Development and Adult Learning

 

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

 

Maryland Jobs Recovery Up from June 2011

Maryland April-May jobs numbers corrected downward from 7,500 lost to 2,900
Nearly 25,000 more Marylanders working now than were last June

The U.S. Department of Labor’s Bureau of Labor Statistics (BLS) released state jobs and employment data earlier today. According to the preliminary survey data, Maryland shed 11,000 jobs in June. However, the current number of Maryland jobs is 28,200 higher than one year ago. Further, last month’s BLS survey data for April-May indicated that Maryland had lost 7,500 jobs when in fact today’s revised data shows a much different job loss of 2,900, highlighting the fluid nature of the BLS survey. Maryland’s unemployment rate rose modestly to 6.9 percent. The number of unemployed has fallen by just over 9,100 since last June, helping to lower the unemployment rate from 7.2 percent in June of 2011 to 6.9 percent in June of 2012. The preliminary May rate of unemployment was 6.8 percent, which was revised downward by 0.1 percentage point to 6.7 percent.

 
Seasonally Adjusted Unemployment Rates - Maryland 
            and US - June 2011 through June 2012
 
Seasonally Adjusted Unemployment Rates
Maryland and US
June 2011 through June 2012
   
  MD US
June 11 7.2% 9.1%
July 7.2% 9.1%
Aug 7.2% 9.1%
Sept 7.1% 9.0%
Oct 6.9% 8.9%
Nov 6.7% 8.7%
Dec 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%
 

“These numbers are based on survey data. They do not count the actual number of jobs. But if it’s 7,500 jobs lost as was originally reported last month, or adjusted to less than half that, every job lost is one too many. Still, we’re moving forward. As of this June, nearly 25,000 more Marylanders were working than were a year ago and 2,200 fewer Marylanders have filed new unemployment insurance claims,” said Interim Maryland Labor Secretary Scott R. Jensen. “Even with the monthly decline, jobs are 28,200 above what they were in June 2011. That’s the best over-the-year jobs gain for the month since before the recession. Together, we’re working to broaden Maryland’s workforce as we foster an environment where businesses can continue to grow and create more jobs.”

While this month’s BLS survey claims a net loss of 1,500 healthcare jobs, healthcare employment has risen steadily with only minor month-to-month decreases in June of 2011, and January and March of 2012. Over the past five years, healthcare has gained 20,000 new jobs, more than half of which were gained since last year. This month’s survey also claims a large, remarkable drop of 6,100 jobs in the educational services sector, yet last month this sector actually gained 2,300 jobs. This particular fluctuation may well be a statistical anomaly caused by the shortened school year combined with the methodology used by BLS to account for seasonal factors.

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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