State unemployment rate falls to 4%, adding 7,900 jobs in November 2018

Press Release, Maryland Department of Labor, Licensing and Regulation

BALTIMORE (Dec. 21, 2018) – The U.S. Department of Labor’s Bureau of Labor Statistics (BLS) today released state jobs and unemployment data. According to the preliminary survey data, Maryland added 7,900 jobs in November, the eighth month this year to post over-the-month job gains. Compared with this time last year, Maryland jobs are up by 36,700, for an over-the-year increase of 1.3 percent. Maryland’s unemployment rate has now fallen to 4.0 percent.

“Maryland’s strong economy provides a stable foundation for employers to invest in and grow their businesses, creating a need for talent,” said Labor Secretary Kelly M. Schulz. “Maryland’s workforce development programs meet that need by creating formal career paths to good jobs, reducing barriers to employment, providing occupational skills development, and so much more. These innovative programs work with employers to strategically build and strengthen their talent pipeline, ensuring a ready and capable workforce both now and in the future.”

Professional and Business Services posted the highest gains last month with an increase of 4,700 jobs, 4,100 jobs within the Administrative and Support and Waste Management and Remediation Services subsector, and 600 jobs in Professional, Scientific, and Technical Services. Leisure and Hospitality increased by a total of 2,300 jobs across the Arts, Entertainment, and Recreation subsector (1,400 jobs) and the Accommodation and Food Services subsector (900 jobs).

Education and Health Services increased in November, adding 1,600 jobs within the Educational Services (900 jobs) and Health Care and Social Assistance (700 jobs) subsectors. Trade, Transportation, and Utilities (1,400 jobs) and Information (800 jobs) also increased last month.

Manufacturing experienced decline last month, with a loss of 1,200 jobs in the Durable Goods (900 jobs) and Non-Durable Goods (300 jobs) subsectors. Other Services declined by 1,200 jobs, followed by Mining, Logging, and Construction and Financial Activities, which declined by 600 and 400 jobs, respectively.    

The state’s preliminary jobs estimate for October was revised downwards by BLS by 5,700 jobs.

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