New Statistics: Maryland, PA continue mindboggling near-zero unemployment rates

21 July 2023- 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 gained 4,700 jobs in June, and the unemployment rate decreased 0.4 points to 2.0%. This is the fifth consecutive month of record-setting low unemployment for Maryland. 

The Mining, Logging and Construction sector experienced the most growth with an increase of 3,900 jobs. 

Pennsylvania’s unemployment rate declined two-tenths of a percentage point over the month to 3.8% in June, the lowest rate on record (back to January 1976). The U.S. unemployment rate was down one-tenth of a percentage point from May to 3.6%. The Commonwealth’s unemployment rate was one-half of a percentage point below its June 2022 level of 4.3%, and the national rate was unchanged over the year.

Pennsylvania’s civilian labor force – the estimated number of residents working or looking for work – was down 4,000 over the month. Resident employment rose by 10,000 over the month and unemployment fell by 13,000. 

Pennsylvania’s total nonfarm jobs were up 7,300 over the month to a new record high of 6,131,900 in June. This was the sixth month in a row that jobs have hit a new all-time high level. Jobs increased from May in six of the 11 industry supersectors with the largest gain in professional & business services (+2,800), which rose to a record high level.