What are the latest unemployment figures for maryland?
BALTIMORE (Map, News) – The state’s fast-paced economy is showing signs of stalling, economists said. In the most recent data released last Friday, Maryland’s unemployment rate reached 4 percent in June, the highest level this year and up from 3.8 percent in May, according to the U.S. Department of Labor. While Maryland’s unemployment rate rose in June, it remained below the national average of 4.6 percent, the Labor Department said. Even so, some local economists suggest the unemployment numbers preclude a Maryland economy that will continue to slow in the second half of the year. The question is will the U.S. and Maryland economy continue to slow in the third and fourth quarter as they did in the second quarter,” said Anirban Basu, CEO of the Sage Policy Group, an economic and policy firm in Baltimore. He said he doubts the unemployment jump in June was just a blip. “The pace of hiring in Maryland is slowing just as it is nationally. We like to believe that Maryland is special, but w
After months creeping up, Maryland’s unemployment rate fell by a tenth of a percentage point in April, according to data released Friday by the U.S. Department of Labor. The state’s unemployment rate dropped to 6.8 percent in April, down from 6.9 percent — a nearly 17-year high — in March. Maryland lost around 6,000 jobs during April, compared with losing more than 12,000 jobs in March. Maryland’s unemployment rate of 6.8 percent in April is up from 4 percent during the same month a year ago. The national unemployment rate rose from 8.5 percent in March to 8.9 percent in April. California, holding an unemployment rate of 11 percent, lost 63,700 jobs in April — the most of all 50 states and Washington, D.C. Michigan, battered by the struggling automotive industry, still holds the largest unemployment rate in the U.S., at 12.9 percent. Washington, D.C.’s unemployment rate is 9.9 percent. Sources:
