Maryland Unemployment Rate Drops to 6.6 Percent


Private sector jobs 22,200 above November '11

BALTIMORE, MD (December 21, 2012) -The U.S. Department of Labor's Bureau of Labor Statistics (BLS) released state jobs and unemployment data earlier today. According to the preliminary survey data, Maryland experienced a smoothing out of recent hiring, as November's preliminary jobs report shows a loss of 3,100 jobs. The over-the-year picture shows the number of people active in the labor force has risen by 22,101, with the employed 25,428 higher and the unemployed 3,327 lower.

The preliminary October jobs report was revised downward. The 14,000 increase previously reported for the September-October period was pared to a 4,700 jobs gain.

According to the BLS, our preliminary October unemployment rate remained unchanged with revision - holding steady at 6.7 percent. Maryland's preliminary November unemployment rate has dropped by 0.1 of a percentage point, to 6.6 percent.

"We are determined and we remain focused on accelerating our job growth and recovering the jobs that were lost during the national economic recession," said Maryland Labor Secretary Leonard Howie. "Our investments in skills development and education are helping to put more Marylanders back to work, as we continue to cultivate our best-in-the-nation workforce."

Despite a disappointing month, Maryland has made tremendous progress this year. Total job growth is up 16,000 jobs over-the-year. Maryland's private sector led the way growing 1.1 percent in the past 12 months and creating 22,200 jobs. Within the private sector, Natural Resources/Mining/Construction and Education/Health Care/Social Assistance were two major sectors to post gains over-the-month, with increases of 500 and 3,500 jobs, respectively. Nearly two-thirds of the increase in Education/Health Care/Social Assistance was centered in the Health Care/Social Assistance sub-sector.

Earlier this year the US Chamber of Commerce ranked Maryland #1 for Entrepreneurship and Innovation and in the top five for Economic Performance for the third year in a row. The nonpartisan group The States Project ranked Maryland #2 for Economic Opportunity. And, most recently, the Information Technology and Innovation Foundation ranked Maryland among the five states best positioned to succeed in the new economy. All three rating agencies reaffirmed Maryland's AAA bond rating and Education Week ranked Maryland's public schools #1 in the nation for the fourth year in a row.

Secretary Howie will brief the media on the November 2012 jobs report during a conference call at noon today.
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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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