November 2016 Jobs Report Analysis
This Thanksgiving, Marylanders have a lot to be thankful for. Unemployment in the state continues to be lower than the national average. According to jobs numbers released on Friday, Maryland’s unemployment rate was 4.2 percent, compared to the national rate of 4.9 percent. Both the state and national unemployment rates held steady over the past month. Maryland added 2,200 private nonfarm jobs in October, an increase of 0.1 percent. However, these gains were balanced out by a loss of 1,500 jobs in Government, a decrease of 0.29 percent. Total nonfarm employment is still higher than October 2015 levels. Over the past year, total nonfarm employment rose by 34,700 jobs, an increase of 1.3 percent. How did the various sectors of our economy do in the past month?