Business

Maryland unemployment rate increases to 4.5 percent in October



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

According to the preliminary survey data, Maryland’s total jobs decreased by 10,500 and the unemployment rate increased to 4.5% in October.

Sectors that experienced jobs growth include: Financial Activities (1,600); Leisure and Hospitality (800); and Manufacturing (600).

Sectors that experienced declines include: Trade, Transportation, and Utilities (3,300); Professional and Business Services (1,900); Other Services (1,600); Mining, Logging, and Construction (800); Education and Health Services (300); and Information (300).

September jobs estimates were revised downward by 100 jobs, from a gain of 5,300 to a gain of 5,200 jobs.

Photo by Pixabay from Pexels



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