BALTIMORE, MD (11/20/09) - Department of Labor, Licensing and Regulation Secretary
Alexander M. Sanchez announced that Maryland's seasonally adjusted unemployment rate
rose slightly in October to a preliminary seasonally-adjusted rate of 7.3 percent, up
from 7.2 percent in September. The unemployment rate in Maryland is rising at a far
slower rate than the national rate, which rose four-tenths of one percent in October
to 10.2 percent.
Maryland employers added 1,500 more payroll jobs in October than they eliminated.
After a painful year of job losses, this is the third month of net job creation in
the past six months. Gains were concentrated in durable goods manufacturing,
administrative and support services, and local education. Job declines were
concentrated in construction, retail trade and the financial sector.
"Maryland employers added jobs overall during October, which is a positive
sign," Secretary Sanchez said. "Still, we have not yet seen the kind of broad-based,
sustained job growth that would signal a clear path to recovery, and we still face
many challenges in helping unemployed Marylanders get back to work."
Maryland's business payrolls have lost approximately 51,000 jobs in the past 12 months.
The state's unemployment rate was 4.8 percent in October 2008.