July 2017

Latest Jobs Report Analysis

On Friday, the Bureau of Labor Statistics released its preliminary employment estimates for Maryland in June 2017. For the second straight month, Maryland's unemployment rate fell by a tenth of a percent where it now sits at 4.1 percent. This is great news, considering unemployment in the rest of the Mid-Atlantic region remained constant at 4.6 percent. In fact, Maryland added almost as many jobs last month as all of our neighboring states combined. In June, Maryland employers added 13,300 nonfarm workers to the payrolls, while the rest of the region added 14,200 workers. One main source of this difference is the change in Local Government employment; last month Maryland added 2,100 Local Government jobs while our neighbors shed 6,200 jobs in the sector. What other industries in Maryland are gaining or losing jobs? How are these industries doing in our neighboring states? Find out in this month's discussion on the newly released data.

Save the Date for the Economic Outlook Forum on October 19, 2017