Business, Politics

Baltimore County unemployment rate falls to 3.7%

unemploymentBaltimore County’s unemployment rate has dropped to 3.7 percent, one half percent below the national rate and lower than the state rate. The September jobs report posts the County’s lowest unemployment rate in nine years and continues the positive jobs trend in Maryland’s third largest jurisdiction.

“Baltimore County’s steady economic expansion and sound fiscal management have created a business climate where companies grow, hire, and continue their prosperity. We all benefit when more people bring home a paycheck,” said Baltimore County Executive Kevin Kamenetz.

Employment growth is driven by job creation in new business developments throughout the County, including Tradepoint Atlantic, downtown Towson, Foundry Row in Owings Mills and expansions of the County’s major health care facilities.

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