State Unemployment Rate Ticks Down

Driven by strong gains in the professional and business services industry, Maryland’s unemployment rate fell slightly to 4 percent in November, from 4.1 percent the month before, according to recent statistics from the United States Department of Labor.

According to The Baltimore Sun:

Unemployment is also lower than a year ago, but still not as low as the national unemployment rate of 3.7 percent, which was unchanged from the month before

The state added 7,900 jobs in November, and 36,700 over the year, for a gain of 1.3 percent.

Jobs were added in categories including trade, transportation and utilities; education and health services; leisure and hospitality; and government. Professional and business services had the biggest increase with 4,700 jobs added last month.

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The MACo Winter Conference will feature a 2019 Economic Forecast by Anirban Basu, Chairman & CEO, Sage Policy Group. This session will provide a detailed outlook for global, national, and regional economies using the most up-to-date information available. Special attention is invested in critical elements of economic life, including the performance of financial, labor, and real estate markets in Maryland.

The session will be held on Thursday, January 3, 2019, at 10:30 am at the Hyatt Resort in Cambridge, Maryland.

Learn more about MACo’s Winter Conference: