Around Maryland, Business

Maryland’s unemployment rate increases, remains among lowest in nation

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

According to the preliminary survey data, Maryland’s total jobs increased by 6,800 and the unemployment rate rose from a revised 2.2% in December to 2.3% in January. The state’s unemployment rate is currently the third best in the nation, according to the Maryland Department of Labor.

Sectors that created jobs include: the Public Sector (3,900); Leisure and Hospitality (2,900); Private Education and Health (1,700); Manufacturing (600); Financial Activities (100).

Sectors that experienced a decline include: Mining, Logging, and Construction (1,700); Other Services (600); Information (100).

The preliminary jobs estimate in December 2023 was revised upward by 800 jobs: from a loss of 3,800 to a decline of 3,000 jobs.

Photo via Pixabay

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