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DLLR News

 

Maryland Employment Situation - May 2009

 

BALTIMORE, MD (6/19/09) – Department of Labor, Licensing and Regulation Secretary Thomas E. Perez announced that following three months of relative stability, Maryland’s seasonally adjusted unemployment rate rose by 0.4 percentage points in May to 7.2 percent. Maryland’s rate remained considerably below the national rate, which climbed to 9.4 percent in May.

“While recent reports show the economic downtown appears to be slowing, the increase in unemployment in May is a reminder that the road to economic recovery will have bumps along the way,” Secretary Perez said. “The State of Maryland will continue to do all it can to help those Marylanders affected by the economic crisis.”

Nearly 25,000 Marylanders lost their jobs during May. While a portion of this decline was absorbed by the exodus of workers from the job market, the statewide unemployment rolls expanded by just over 12,800 people to reach a level of 212,494 in May.

Maryland’s industrial payroll activity provided a glimmer of hope for jobseekers during May, with hiring resulting in a seasonally adjusted gain of 2,500 jobs. Administrative and support services, a sector which has declined since January, headed back up in May, and, along with leisure and hospitality industries, provided the primary sources of the monthly upturn. Construction, while not among the job contributors, was little changed in May – a welcome respite in an industry which has been battered by the economic downturn.

Employment Situation