Maryland Gains Jobs, But Also Saw Increase in Unemployment Rate

As reported by the Baltimore Sun, a recent Bureau of Labor Statistics survey found that Maryland gained 4,300 jobs in the month of June. However, its unemployment rate also went up.  As indicated by the article, “the unemployment rate and the number of jobs gained are measured separately by government surveys and often appear contradictory.” The article includes comments from Anirban Basu, head of Sage Policy Group, a Baltimore economic and policy consulting firm.

“What seems to have occurred in May and June is that the sequestration impacts are broadening and now large enough to be reflected in the economy-wide unemployment data for Maryland,” he said.

While unemployment has risen, Maryland added jobs in June, compared with the previous month and compared with a year earlier. Maryland had gained jobs in May as well — 6,500, according to revised estimates — after losing 4,900 jobs in April.

The state has added 42,800 jobs since June 2012, Labor Department figures show.

Adding more than 40,000 jobs in a 12-month span “represents pretty healthy job growth,” Basu said.

According to the Department of Labor, Licensing, and Regulation, Maryland has recovered 99% of the jobs lost during the recession.

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