Job growth rate in Maryland sixth best in nation

Seasonally adjusted overall employment data show that the state has lost jobs at a 1.8 percent annualized rate during the first half of the year, ranking Maryland sixth best among states (seventh best if counting the District of Columbia). Only North Dakota gained jobs during the second half with a 2.2 percent growth rate. The U.S. has lost jobs so far this year at a 4.9 percent annualized rate, almost three times the Maryland rate. Forty-three states have lost jobs faster than Maryland during the first half. Thirty lost jobs at more than twice the Maryland rate. Of these 30, 16 lost jobs at more than triple the Maryland rate [Table 6].

Switching to not seasonally adjusted data, Maryland’s 2.2 percent rate of job loss over the year was the ninth best among states (10th if the District of Columbia is counted), with only North Dakota gaining jobs compared to the year before. Forty-one states lost jobs at a faster rate than did Maryland. Eighteen lost jobs at more than twice Maryland’s rate [Table 4].

Looking at private employment only, the state lost jobs at a 2.9 percent rate over the year, ranking Maryland eighth best among states (ninth best if the District of Columbia is counted). Again only North Dakota added jobs during the past year. Forty-two states lost private jobs at a faster pace than Maryland. Twelve states lost jobs at more than twice Maryland’s rate. The nation as a whole lost private sector jobs at a 5.1 percent rate over the year [Table 5].

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