In May of 2022, Maryland saw a significant uptick in hiring resulting in a dip in unemployment. The state currently sits at its lowest unemployment rate 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 June 17 showed that Maryland gained 10,500 jobs in May and that the unemployment rate decreased to 4% — the lowest unemployment rate since the beginning of the COVID-19 pandemic.
According to a Maryland Department of Labor press release:
Maryland has regained a total of 334,200 jobs, with 313,500 jobs gained in the private sector. Compared with May 2021, Maryland jobs are up by 78,500, an over-the-year change of 3.0%.
The Leisure and Hospitality sector had the largest private sector jobs growth with 4,500 jobs from Accommodation and Food Service (4,400) and Arts, Entertainment, and Recreation sub-sectors (100).
Other sectors that experienced growth include: Mining, Logging, and Construction (1,400); Education and Health Services (1,200); Financial Activities (1,000); Professional and Business Services (300); Information (200); and Manufacturing remained the same.