Maryland Gains 10,700 Jobs in October
State Unemployment Rate Falls to 4.1 Percent
BALTIMORE (Nov. 16, 2018) – The U.S. Department of Labor’s Bureau of Labor Statistics (BLS) today released state jobs and unemployment data. According to the preliminary survey data, Maryland added 10,700 jobs in October, the second highest gain since October 2015. Compared with this time last year, Maryland jobs are up by 38,500, for an over-the-year change of 1.4 percent. Maryland’s unemployment rate has now fallen to 4.1 percent.
“Maryland is experiencing tremendous growth, requiring employers to find new ways to build their talent pipeline to meet industry demands,” said Labor Secretary Kelly M. Schulz. “Through innovative workforce development programs like EARN and apprenticeship, we're empowering our industry partners to take an active role in creating the workforce they need to thrive. Together, we’re helping Maryland workers gain new skills and credentials through leading-edge services that build pathways to rewarding careers.”
Other Services posted the highest gains last month, with an increase of 2,600 jobs. Professional and Business Services increased by a total of 2,300 jobs within the Administrative and Support and Waste Management and Remediation Services subsector (1,800 jobs) and the Professional, Scientific, and Technical Services subsector (500 jobs). Education and Health Services increased by 1,500 jobs within the Health Care and Social Assistance (900 jobs) and Educational Services (600 jobs) subsectors.
Other sectors that grew last month include Trade, Transportation, and Utilities (1,300 jobs), Leisure and Hospitality (1,100 jobs), Mining, Logging, and Construction (500 jobs), Manufacturing (300 jobs), and Information (200 jobs).
The Financial Activities sector was the only sector to experience decline last month. A decrease of 800 jobs was shared by the Finance and Insurance subsector (600 jobs) and Real Estate and Rental and Leasing subsector (200 jobs).
The state’s preliminary jobs estimate for September was revised downwards by BLS by 1,700 jobs.
About the Maryland Department of Labor
The Maryland Department of Labor, Licensing and Regulation (DLLR) is committed to safeguarding and protecting Marylanders. We're proud to support the economic stability of the state by providing businesses, the workforce, and the consuming public with high-quality, customer-focused regulatory, employment, and training services. For updates and information, follow DLLR on Twitter (@MD_DLLR), Facebook and visit our website.
Note: Data is spidered in on the DLLR website directly from the Bureau of Labor Statistics (BLS) using Datazoa and a slight lag may exist as the database is refreshed.
For immediate access to this month's jobs data please go to the Bureau of Labor Statistics (BLS) website.
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