Maryland Jobs Decline, Likely Result of Sequestration

As reported by the Gazette, Maryland lost approximately 9,200 jobs from June to July 2013, likely as a result of federal sequestration. From the article:

The figures released by the federal Labor Department on Monday included a 2,400 loss in Montgomery and Frederick counties, those counties’ first month-to-month job loss since January. The public sector showed a 3,100 job loss in July, as private employers increased their overall workforce by 700.

Statewide, private jobs fell by almost 5,000 and government positions declined by 4,300. The county figures were unadjusted, while the statewide numbers were seasonally adjusted.

The July loss was the largest decline for that month in Maryland since an almost 11,000-job loss in 1991, according to federal labor figures. Montgomery and Frederick saw a 2,500 loss in July 2012.

At the same time, Maryland’s unemployment rate rose slightly.  As reported by the Baltimore Business Journal:

The unemployment rate in Maryland rose from 7 percent in June to 7.1 percent in July, the U.S. Bureau of Labor Statistics reported Monday.

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