Maryland's Unemployment Rate Inches up Again to 7.1%
Annapolis - Maryland's unemployment rate inched up to 7.1%, marking months of consecutive upticks since January's rate of 6.5%, in the latest state employment picture released today by the Bureau of Labor Statistics.
The preliminary August numbers show a slight gain in employment due to July numbers that were revised downward by 1,600 jobs. In August, Maryland payrolls increased by 1,400 over July.
The slight change in employment numbers, however, is not enough to lift Maryland out of the doldrums when it comes to competing with neighboring states.
"We are lagging in job growth in the region and are simply not competing with our neighbors," said Change Maryland Chairman Larry Hogan. "This year's performance on job growth is abysmal as it has been since 2007."
On a percentage basis of jobs lost, Maryland's decline of 1.4% since January of 2007 is the second-worst in the region after Delaware.
The preliminary August numbers show a slight gain in employment due to July numbers that were revised downward by 1,600 jobs. In August, Maryland payrolls increased by 1,400 over July.
The slight change in employment numbers, however, is not enough to lift Maryland out of the doldrums when it comes to competing with neighboring states.
"We are lagging in job growth in the region and are simply not competing with our neighbors," said Change Maryland Chairman Larry Hogan. "This year's performance on job growth is abysmal as it has been since 2007."
On a percentage basis of jobs lost, Maryland's decline of 1.4% since January of 2007 is the second-worst in the region after Delaware.
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