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BALTIMORE, MD (July 26, 2007) – Maryland’s seasonally adjusted unemployment rate inched
up slightly from 3.6 percent in May to 3.8 percent in June according to Maryland’s Department
of Labor, Licensing and Regulation. Unemployment, while somewhat higher, has been relatively
stable throughout the year, remaining within a narrow band ranging from 3.6 percent to 3.8
percent.
Maryland’s unemployment rate, the lowest for the month since 2000, was well below the
national rate in June reported at 4.5 percent.
Movement on Maryland’s business payrolls stalled a bit in June. Following ten months
of uninterrupted growth, the number of jobs in Maryland dropped back over the month. Job
reductions occurred primarily in the public sector, however, private sector employers in
the professional and business services, finance and leisure and hospitality sectors also
reported lower job totals in June.
At the local level, the influx of summer jobseekers into the labor market pushed
non-seasonally adjusted unemployment rates higher in all Worcester County where local
jobseekers continued to take advantage of job creation resulting from the upturn in
tourism activities. During June, thirteen local jurisdictions recorded unemployment
rates below the statewide unadjusted average, with jobless lows in Howard, Frederick
and Montgomery counties.
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