According to recent labor market information, Maryland has one of the lowest unemployment rates in the nation and has recently added transportation jobs.
Maryland added 1,500 jobs in March. March was the seventh straight month of job growth; additionally, February’s preliminary gain of 8,000 jobs was revised upward to 9,600 jobs.
Although more people entered the workforce in March, Maryland’s unemployment rate increased slightly to 6.6 percent as workforce growth outpaced employment gains. Maryland’s unemployment rate remains 1.6 percentage points better than the national rate of 8.2 percent.
“March was another strong month in Maryland’s recovery, but we must remain focused to accelerate our job growth and recover the jobs that were lost during the national economic recession,” said Maryland Labor Secretary Alexander M. Sanchez. “Our investments in skills development and education are helping to put more Marylanders back to work, but we need to continue to cultivate our best-in-the-nation workforce.”
March’s growth was focused in the private sector, which rose by 4,200 jobs over-the-month. Maryland added jobs in three major sectors: 2,700 in Trade, Transportation, Warehousing, and Utilities; 3,400 in Professional and Business Services; and 3,000 in Leisure and Hospitality. Since March 2011, Maryland has added 49,600 jobs, 47,700 of which are in the private sector. Notable increases posted in Professional and Business Services (16,500 jobs); Education, Health Care, and Social Assistance (16,200 jobs); Leisure and Hospitality (8,100 jobs); and Natural Resources, Mining, and Construction (6,400 jobs). Manufacturing (-3,300) and Financial Activities (-800) posted decreases over-the-year.a73