DLLR's Division of Workforce Development and Adult Learning

 

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

 

Maryland's Private Sector Creates 2,400 Jobs in July

Over 18,000 More Marylanders Are Working Compared to Last July

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 a total of 800 jobs during July for an over-the-year total of 22,600 jobs. The private sector gained 2,400 jobs bringing over-the-year private sector job creation to 21,700 jobs- the best year of private sector job creation since 2004-2005. The largest over-the-year gains were in Professional and Business Services which gained 14,400 jobs and in Education /Health which gained 10,900 positions.

 
Seasonally Adjusted Unemployment Rates - Maryland 
            and US - July 2011 through July 2012
 
Seasonally Adjusted Unemployment Rates
Maryland and US
July 2011 through July 2012
   
  MD US
July 11 7.2% 9.1%
Aug 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%
 

Last month, a preliminary jobs estimate for June showed a drop of 11,000 jobs. This month the June jobs estimate was revised upward, as expected, by 2,900 positions.

June’s preliminary unemployment rate remained unchanged with revision, holding steady at 6.9 percent. Preliminary July numbers show the rate rising modestly to 7.0 percent but remaining below last July’s unemployment rate and well below the national average.

“This report is a strong indicator that Maryland’s recovery is moving forward and a sign that our investments in workforce training and education are paying off,” said Interim Maryland Labor Secretary Scott R. Jensen. “Since last July, nearly 12,000 Marylanders have entered the labor market, 18,273 more Marylanders are working and 6,457 fewer of our neighbors are unemployed. These numbers reflect Governor O’Malley’s investments in protecting our workforce and positioning our state to compete effectively in the New Economy.”

Private sector gains between June and July were posted in Professional and Business Services, which gained 2,900 positions. This sector’s gains were split almost evenly between Professional /Scientific and Technical Services, where hiring was noted in computer systems design and R/D firms, and Administrative Support Services, which created jobs in employment agencies and in businesses providing building services such as janitorial and landscaping work. The Leisure & Hospitality sector created 2,400 positions, entirely in accommodations and food services. The Education/Health Care/Social Assistance sector created 1,500 jobs, split almost evenly between education and health care.

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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