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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Area in recovery as jobless rate drops in May

Unemployment levels in the District, Maryland and Virginia fell in May, according to government data released Friday. The decrease follows a trend that began in April and illustrates to job experts and economists the growing strength of the area’s recovery.

The District’s drop in unemployment was the most dramatic: It plunged to 10.4 percent from 11 percent, according to the U.S. Bureau of Labor Statistics.

In Maryland, the rate decreased to 7.2 percent from 7.5 percent. And Virginia’s rate fell to 7.1 percent from 7.2 percent.

“We’re in a robust employment region. We’re doing very well,” said Mitchell Halaby, senior executive recruiter at Ajilon Finance, Washington, a subsidiary of Adeco North America, one of the largest employment agencies in the world. “But if you’re still not working, regardless of how the economy is doing, to you the economy stinks.”

Virginia’s employment rolls grew by 20,300, ranking it among several states with the highest increase in jobs for the month.

Unemployment rates dropped in the majority of states -- 37, according to the Labor Department. The state with the highest jobless rate was Nevada, at 14 percent, supplanting Michigan, which had held the position since April 2006. Michigan’s unemployment rate was 13.6 percent.

North Dakota had the lowest unemployment rate, 3.6 percent.

V. Dion Haynes

By V. Dion Haynes  |  June 18, 2010; 2:41 PM ET
Categories:  Unemployment  
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