Business, Politics

Maryland adds 10K jobs, posting largest gains since May 2015

BALTIMORE, MD—The U.S. Department of Labors Bureau of Labor Statistics on Friday released state jobs and unemployment data. According to the preliminary survey data, Maryland added 10,100 jobs in September, which is the largest single month gain since May 2015.

Maryland’s unemployment rate has decreased to 3.7%, matching the lowest level of unemployment that Maryland has experienced in the past decade.

“Our administration has changed the mission of state government to be unabashedly pro-jobs and pro-business and as a result, more businesses are open and more people are working than ever before in the history of our state,” said Governor Larry Hogan. “We have experienced one of the biggest economic turnarounds in America, and today that incredible momentum continues with the largest jobs gains in four years and unemployment that matches a ten-year low. Maryland truly is open for business.”

Last month, the Education and Health Services sector experienced the most growth with an increase of 4,400 jobs from the Health Care and Social Assistance (4,000) and Educational Services (400) sub-sectors. The Leisure and Hospitality sector increased by 1,800 jobs from the Accommodation and Food Services (1,600) and Arts, Entertainment, and Recreation (200) sub-sectors.

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“As Maryland’s economy continues to experience tremendous growth, businesses are strategically investing in their talent pipeline to meet industry demands and ensure long-term success,” said Maryland Department of Labor Secretary Tiffany Robinson. “Through our department’s many innovative training, education, and support services, we’re helping workers gain new skills and credentials while giving Maryland’s employers the well-trained workforce they need to prosper.”

The Professional and Business Services Sector also increased by 1,800 jobs from the Professional, Scientific, and Technical Services (1,000), Administrative and Support and Waste Management and Remediation Services (700), and Management of Companies and Enterprises (100) sub-sectors. Other sectors that experienced growth include: Trade, Transportation, and Utilities (1,200); Mining, Logging, and Construction (900); and Manufacturing (300).

The Financial Activities sector decreased by 2,700 jobs from the Finance and Insurance (2,600) and Real Estate, Rental, and Leasing (100) sub-sectors.

August’s preliminary jobs estimate was revised upwards by 8,500 jobs, from a gain of 500 to a gain of 9,000 jobs.

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