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DLLR News

 

Maryland Unemployment Rate at 6.5 Percent, Lowest in Three Years

 

Maryland adds 8,000 jobs in February; sixth straight month of job growth

Number of employed Marylanders at its highest level since September 2008

BALTIMORE, MD (March 30, 2012) - Data released today by the U.S. Department of Labor Bureau of Labor Statistics shows that Maryland added 8,000 jobs in February. February was the sixth straight month of job growth; additionally, January's preliminary gain of 5,000 jobs was revised upward to 9,100 jobs. Maryland's unemployment rate remains at 6.5 percent, the lowest unemployment rate in three years and nearly two full percentage points better than the national rate of 8.3 percent.

"We're pleased that February's numbers reflect our investments in workforce training and education, and we're seeing jobs coming back," said Maryland Labor Secretary Alexander M. Sanchez. "More Marylanders are working now than they have been at any time since September 2008. This is great news, but we need to continue to cultivate our best-in-the-nation workforce."

The private sector propelled February's growth, rising by 10,500 jobs over-the-month. Maryland added jobs in several industries, including 5,800 in Education, Health Care, and Social Assistance; 5,100 in Professional and Business Services; and 2,700 in Construction. Since February 2011, Maryland has added 47,000 jobs, 42,200 of which are in the private sector. Notable increases posted in Education, Health Care, and Social Assistance (17,000 jobs); Professional and Business Services (12,300 jobs); Natural Resources, Mining, and Construction (7,300 jobs); and Leisure and Hospitality (6,600 jobs). Several sectors posted decreases: Manufacturing (-400); Trade/Transportation/Warehousing/Utilities (-3,400); Government (-2,500); and Other Services (-2,200).

Secretary Sanchez will brief the media on the February 2012 jobs report during a conference call at noon today (call-in: 800-619-4425; passcode: 7016775).

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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