Maryland added 10,700 jobs in October — the second-most of any state, according to preliminary survey data released yesterday by the U.S. Department of Labor’s Bureau of Labor Statistics (BLS). Maryland’s unemployment rate fell to 3.6% — the lowest unemployment rate in over 11 years, according to the data.
According to a press release:
“Just over five years ago, our administration pledged to put more people back to work, grow the private sector, and turn the state’s struggling economy around,” said Governor Larry Hogan. “With the largest three-month job gain since 2010 and lowest unemployment rate in over a decade, I am proud to say that we have spurred an incredible economic resurgence in Maryland that has brought real and lasting change to our great state.”
Last month, the Professional and Business Services sector experienced the most growth with an increase of 7,200 jobs from the Administrative and Support and Waste Management and Remediation Services (5,700) and Professional, Scientific, and Technical Services (1,600) subsectors. The Trade, Transportation, and Utilities sector increased by 5,800 jobs from the Retail Trade (2,200), Wholesale Trade (1,900), and Transportation, Warehousing, and Utilities (1,700) subsectors.
“With Maryland’s low unemployment rate, businesses are looking for new ways to up-skill their existing employees to meet the needs of our state’s strong economy,” said Labor Secretary Tiffany Robinson. “Dedicated workforce professionals at our department’s American Job Centers are readily available throughout the state to help employees learn new skills, obtain credentials, and maximize their potential.”
The Mining, Logging, and Construction sector increased by 1,600 jobs from the Construction subsector. Other sectors that experienced growth include: Other Services (500); Financial Activities (200); and Leisure and Hospitality (200).
The Education and Health Services sector decreased by 6,000 jobs from the Health Care and Social Assistance (3,500) and Educational Services (2,500) subsectors. The Information sector decreased by 100 jobs.