Md. Unemployment Rate Holds Steady

From Maryland's department of labor:

"Maryland's seasonally adjusted unemployment rate held steady at 3.6 percent for the third consecutive month, making May's rate the lowest for the month since 2000 according to Maryland's Department of Labor, Licensing and Regulation. Maryland's rate, the 13th lowest in a ranking of states across the nation, was nearly a full percentage point below the national rate which held steady at 4.5 percent over-the-month.

"Since last May, the number of unemployed Marylanders has declined by nearly 8,000 persons, causing the unemployment rate to fall from its year ago level of 3.9 percent.

"According to Maryland's business activity report, employers added 3,400 jobs to their payrolls during May, with gains in the public sector and education and health services leading the monthly expansion. The statewide economy has expanded by 27,600 jobs over the past twelve months, with job creation in professional and business services and education and health collectively accounting for nearly 6 out of every 10 new jobs.

"At the local level, non-seasonally adjusted unemployment rates either declined or held steady in seventeen of the state's twenty-four jurisdictions over-the-month. Ten jurisdictions reported unemployment rates at or below the 3.0 percent level during May, with rates the lowest, at 2.6 percent and 2.7 percent, respectively, in Howard and Montgomery counties."

By Dan Beyers  |  July 6, 2007; 7:17 AM ET  | Category:  Economy
Previous: Va. Unemployment Remains Low | Next: D.C.'s Unemployment Rate Declines


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