Maryland continues to clock in at fourth lowest unemployment rate in country

22 March 2024- The U.S. Department of Labor’s Bureau of Labor Statistics (BLS) released state jobs and unemployment data today. According to the preliminary survey data, Maryland added 3,600 private-sector jobs and the unemployment rate increased to 2.4% in February, the fourth lowest rate in the nation.

Sectors that created jobs include: Private Education and Health Services (2,000); Leisure and Hospitality (1,400); Mining, Logging, and Construction (400); Other Services (300); Information (100); Professional and Business Services (100); and Trade, Transportation, and Utilities (100).

Sectors that experienced a decline include: The public sector (1,800); Financial Activities (600); and Manufacturing (200).

January’s employment growth was revised from a gain of 6,800 total jobs to a gain of 6,000 total jobs. Since the start of the new year (December 2023), Maryland has gained 7,800 jobs. This rate of growth (0.3%) is in line with the national growth.