The United States Department of Labor’s Bureau of Labor Statistics (BLS) announced that Maryland added more than 24,000 jobs in the month of August and the unemployment rate dropped to 6.9%.
The drop to 6.9% is more than 18% lower than the national unemployment rate and Maryland has now gained 183,200 jobs during the recovery from COVID-19. Hogan stated that Maryland was “able to keep more than 70% of our economy open during the entire crisis” and now with all businesses able to open, the “economy is getting back on track and making a steady recovery.”
From Hogan’s press release:
According to today’s report, the Leisure and Hospitality sector experienced the most growth with an increase of 5,800 jobs from the Accommodation and Food Services (4,000) and Arts, Entertainment, and Recreation (1,800) subsectors. The Professional and Business Services sector increased by 5,100 jobs.
Other sectors that experienced growth include: Trade, Transportation, and Utilities (3,700); Other Services (3,400); Education and Health Services (2,300); Financial Activities (1,200); and Information (300). The Mining, Logging, and Construction sector decreased by 500 jobs. The Manufacturing sector decreased by 200.