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DLLR's Division of Workforce Development and Adult Learning

 

Labor Force and Industry Developments - Monthly Labor Review - August 2012

 

Maryland Creates 1,400 Jobs in August

Maryland generates more than 24,000 jobs since August 2011

The U.S. Department of Labor's Bureau of Labor Statistics (BLS) released state jobs and employment data earlier today. According to the preliminary survey data, Maryland created 1,400 jobs in August for an over-the-year total of 24,000. Professional and Business Services and Education/Health continue to be over-the-year leaders in job generation, with gains of 14,000 and 7,900, respectively.

The preliminary July unemployment rate reported last month remains unchanged at 7 percent. Preliminary August numbers show the rate rising modestly to 7.1 percent which is lower than the unemployment rate of August 2011.

 
Seasonally Adjusted Unemployment Rates - Maryland and US - August 2011 through August 2012
 
Seasonally Adjusted Unemployment Rates
Maryland and US
August 2011 through August 2012
   
  MD US
Aug 11 7.2% 9.1%
Sept 7.1% 9.0%
Oct 6.9% 8.9%
Nov 6.7% 8.7%
Dec 6.6% 8.5%
Jan 12 6.5% 8.3%
Feb 6.5% 8.3%
Mar 6.6% 8.2%
Apr 6.7% 8.1%
May 6.7% 8.2%
June 6.9% 8.2%
July 7.0% 8.3%
Aug 7.1% 8.1%
 

"Maryland continues to make progress toward recovery. Over the year, our employers added 24,000 jobs," said Interim Maryland Labor Secretary Scott R. Jensen. "This is the first over-the-month jobs gain for July-August since 2007, and the largest over-the-month July-August gain since 2005."

"Still, we must protect our investments in skills training and maintain our status as one of the best positioned states to recover quickly and sustainably. We've created jobs this month and together we're working to broaden Maryland's workforce as we foster an environment where businesses can continue to grow and create more jobs."

The Professional and Business Services employment sector created 1,200 jobs over-the-month. Within that sector, Professional/Scientific & Tech Services gained 700 jobs. Leisure & Hospitality gained 1,000 jobs as employment expanded in accommodation/food services. Additionally, the Retail Trade sub-sector within the Trade, Transportation, Warehousing and Utilities employment sector created 700 jobs.

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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