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DLLR News

 

Maryland Private Sector Adds 10,400 Jobs in July

 

BALTIMORE, MD (August 19, 2011) - According to preliminary data released today by the U.S. Department of Labor Bureau of Labor Statistics (BLS), Maryland's private sector added 10,400 jobs in July. BLS also released upwardly revised data from June, showing Maryland added 4,500 jobs. The preliminary June report showed a decline of 300 jobs. Since January, Maryland has added 13,900 jobs.

"While the addition of more than 10,000 private sector jobs in July and the revisions that showed the state added 4,500 jobs in June are signals that Maryland is moving toward recovery, we must stay focused to compete in the challenging New Economy," said Maryland Labor Secretary Alexander M. Sanchez. "Maryland will face challenges because of congressional action, but Maryland has a proven track record of turning challenges into opportunity. Our highly-educated workforce and established innovative industries will continue to lead Maryland through recovery."

Nearly all private sector supersectors contributed to Maryland's job growth in July. The state added 2,800 jobs in the Professional and Business Services sector, 2,700 in Leisure and Hospitality, 1,500 in Trade, Transportation, Warehousing and Utilities, 1,000 in Natural Resources, Mining and Construction, 800 in Information and 700 in Financial Services. Manufacturing held steady. Maryland shed 1,400 jobs in the Health Care and Social Assistance subsector, likely due to federal budget cuts that have impacted support for service-oriented organizations.

Maryland saw a decline 2,300 government jobs in July, including 1,500 state positions. Since last July, the state has shed 6,400 government positions, including 4,100 in local and municipal government and 1,800 federal jobs in part because of federal budget cuts and the recent compromise to avoid a default on the nation's financial obligations.

Despite a strong month of jobs growth, Maryland's labor force declined by slightly more than 7,900, driving the state's comparatively-low unemployment rate up modestly to 7.2 percent. Maryland's unemployment rate remains more than 20 percent better than the national average. 

he 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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