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Unemployment Rate Drops Slightly In November

December 26th, 2012 by WCBC Radio

State officials say the unemployment rate dropped slightly in November, but Maryland lost 3,100 jobs.

The U.S. Department of Labor's Bureau of Labor Statistics released preliminary figures on Friday, showing Maryland's jobless rate at 6.6 percent, down from October's 6.7 percent. Gov. Martin O'Malley called the report disappointing, but pointed out that 25,400 more Marylanders are working today than at this time last year. The report found Maryland's job growth reported in October was revised downward from an initial report of 14,000, to 4,700. A spokeswoman for the Maryland Department of Labor Licensing and Regulation couldn't explain the reason for the revision. Jim Pettit, a spokesman for the business group Change Maryland, told WBAL that he blames the job losses on the state's business taxes which he believes are too high…





One Response to “Unemployment Rate Drops Slightly In November”

  1. December 26, 2012 at 8:35 am, Patrick Brady said:

    Of course business taxes are too high. Without Federal employment of Maryland residents we’d be up the creek, so to speak.

    Also, the downward revision of jobs created (or anything that is supposedly good) is now becoming par for the course.

    Reply

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