Division of Workforce Development and Adult Learning


Labor Force and Industry Developments - Monthly Labor Review - February 2014


Maryland Unemployment Rate Drops to 5.7 Percent

Preliminary report shows 600 jobs lost; gains in Manufacturing, Hospitality and Professional Services

BALTIMORE, MD (March 28, 2014) – 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’s February 2014 unemployment dropped to 5.7 percent—the lowest since November 2008. Maryland’s unemployment rate for January was unchanged with revision, at 5.8 percent.

Seasonally Adjusted Unemployment Rates - Maryland and US -  February 2013 through February 2014
Seasonally Adjusted Unemployment Rates
Maryland and US
February 2013 through February 2014
Feb 13 6.8% 7.7%
Mar 6.7% 7.5%
Apr 6.7% 7.5%
May 6.7% 7.5%
June 6.7% 7.5%
July 6.7% 7.3%
Aug 6.6% 7.2%
Sept 6.5% 7.2%
Oct 6.4% 7.2%
Nov 6.2% 7.0%
Dec 6.1% 6.7%
Jan 14 5.8% 6.6%
Feb 5.7% 6.7%

“While this month’s report continues to reflect losses from recent seasonal factors, the Maryland Department of Labor remains focused on cultivating a thriving workforce that can meet the demands of Maryland’s dynamic economy,” said Maryland Labor Secretary Leonard Howie. “Every choice we make is about creating and filling good-paying, sustainable jobs, expanding opportunity, and strengthening Maryland’s middle class, now and for generations to come.”

For February, Maryland‘s preliminary job totals were estimated as a decrease of 600 jobs. Maryland’s preliminary January jobs estimate was revised upward by BLS, with the originally estimated loss of 9,800 jobs revised to a decline of 6,100 jobs. Maryland has made significant progress in the jobs recovery. Compared with February 2013, the State has added 7,600 jobs, including 6,400 in the private sector.

In the private sector, the Manufacturing Sector gained 300 jobs and the Nondurable Goods subsector gained 400 jobs. The Leisure and Hospitality Sector added 3,900 jobs. The Professional and Business Services Sector added 400 jobs and the Administrative and Support Services subsector added 2,100 jobs. The Financial Activities Sector gained 800 jobs.

Several factors indicate that Maryland’s economic strength is still growing. Median home sale prices rose by 2.6 percent in February to $241,097 and were up 7.7 percent above last year, recording the 25th consecutive month of year-over-year increases. Property foreclosures in Maryland continued to decline in February and posted the lowest year-over-year growth in 16 months. In 2013, Maryland moved more people from welfare to work than at any other point in the state’s history, and 27 percent of those were placed in jobs paying $10 per hour or higher. And in 2013, Maryland ranked 4th in the nation, and #1 in the region, for total green jobs, according to Environmental Entrepreneurs.

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. For updates and information, follow DLLR on Twitter (@MD_DLLR), Facebook and visit our website . Get more information on EARN Maryland.

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