image description

Maryland Adds 24,100 Jobs and Unemployment Rate Decreases to 6.8%

December 18th, 2020 by WCBC Radio

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 24,100 jobs and the unemployment rate decreased to 6.8% in November—the lowest level since the beginning of the COVID-19 pandemic.

In the current recovery, Maryland has regained a total of 245,700 jobs, with 254,800 jobs gained in the private sector. The state has regained 68% of private sector jobs lost during the pandemic.

“Our economy and our workforce continue to prove their resilience in the face of unprecedented challenges,” said Governor Larry Hogan. “I want to thank the many businesses that are taking public health and safety precautions seriously so that more Marylanders can get back to work."

The Professional and Business Services sector experienced the most growth with an increase of 7,200 jobs. The Trade, Transportation, and Utilities sector increased by 6,700 jobs and the Education and Health Services sector increased by 4,800 jobs.

Other sectors that experienced growth include: Mining, Logging, and Construction (4,100); Leisure and Hospitality (3,000); Manufacturing (1,200); and Financial Activities (200).

The Other Services sector decreased by 1,300 jobs and the Information sector decreased by 800 jobs.

October’s preliminary jobs estimate was revised upwards by 15,300 jobs, from a gain of 10,200 jobs to a gain of 25,500 jobs.