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Maryland’s unemployment rate improved in May

June 17th, 2017 by WCBC Radio

Maryland's unemployment rate improved slightly last month, but the state lost jobs, signaling a potential shift in employers' willingness to hire. The number of jobs ticked down by 1,600, a 0.1 percent decrease, the U.S. Department of Labor reported Friday. The jobless rate improved to 4.2 percent in May from 4.3 percent in April, according to preliminary data released by the Bureau of Labor Statistics. In May a year ago, the state's unemployment rate was 4.3 percent. That showed positive trends as more people joined the labor force and the number of unemployed people declined, said Andy Bauer, senior regional economist in the Baltimore branch of the Federal Reserve Bank of Richmond.

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