Business

Maryland’s unemployment rate falls to 4.2 percent, lowest level since beginning of pandemic



BALTIMORE, MD—The U.S. Department of Labor’s Bureau of Labor Statistics on Friday released state jobs and unemployment data.

According to the preliminary survey data, Maryland’s total jobs decreased by 500 and the unemployment rate decreased to 4.2% in April, the lowest since the beginning of the pandemic.

Compared with April 2021, Maryland jobs are up by 77,800, an over-the-year change of 3.0%.

The Professional and Business sector experienced the most growth with an increase of 2,300 jobs; Other Services increased by (1,400); Manufacturing sector increased by (800) jobs; Financial Activities sector increased by (100) jobs; and the Education and Health Services sector remained the same.

The Leisure and Hospitality sector decreased by 3,600 jobs from Accommodation and Food Service (2,200) and Arts, Entertainment and Recreation sub-sectors (1,400).

Other sectors that experienced decline last month include: Trade, Transportation and Utilities (1,800); Mining, Logging, and Construction sector (800); Information sector (600).

February-March preliminary jobs estimate as reported by BLS was revised upward by 600 jobs, from a gain of 3,900 to a gain of 4,500 jobs.

Since the beginning of 2022, Maryland has gained 18,400 jobs.

Photo by Pixabay from Pexels



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