State Unemployment Drops to Lowest Rate Since Start of Pandemic

In December, Maryland continued its uptick in hiring, lowering the State’s unemployment rate to its lowest since the start of the COVID-19 pandemic.

Updated employment data released by the U.S. Department of Labor’s Bureau of Labor Statistics (BLS) on January 25 showed that Maryland gained 4,700 jobs in October and that the unemployment rate decreased to 5% — the lowest unemployment rate since the beginning of the COVID-19 pandemic.

In total, Maryland saw a drop of about .4% from November 2021 to December 2021, for a total dip of 1.8% in the last year.

Department of Labor, Bureau of Labor Statistics

According to DOL BLS data, since the beginning of the pandemic:

Maryland has regained 324,600 total jobs with 304,300 gained in the private sector. Since the beginning of 2021, Maryland has gained a total of 99,700 jobs. The Professional and Business Services sector experienced the most growth with an increase of 3,000 jobs from the Administrative and Support and Waste Management and Remediation Services (2,500), Professional, Scientific, and Technical Services (300) and Management of Companies and Enterprises (200) subsectors.

Other sectors that experienced growth include: Other Services (1,200); Leisure and Hospitality (900); Education and Health Services (400); Financial Activities (200); and Manufacturing (100).

Sectors that experienced decline last month include: Trade, Transportation, and Utilities (900); Mining, Logging, and Construction (800); and Information (100).

Read the full report from DOL BLS.