Maryland Private Sector Gained 600 Jobs in October
Jobs added despite government shutdown
The U.S. Department of Labor’s Bureau of Labor
Statistics (BLS) released state jobs and unemployment data
earlier today. Due, in part, to the ongoing uncertainty
created by the sequester, the 16-day federal government
shutdown and the threat of an unprecedented national
economic default, Maryland lost jobs in September and October.
In September, total employment fell over-the-month by 8,500 jobs, which included a private sector decline of 4,300 jobs. According to
the preliminary survey data, Maryland lost 400 total jobs in October and the private sector increased by 600 jobs. The Public sector declined
by 1,000 jobs from September to October.
Compared with the same time last year, Maryland jobs are up by 21,900. Our private sector employers have added 23,000 jobs since October
2012. Private sector jobs are at their highest level for the month of October since 2007.
Maryland's October preliminary unemployment rate was
estimated to be 6.7 percent -- unchanged from September, and
more than 8 percent below the national unemployment rate of