Maryland Adds 10,000+ Private Sector Jobs in July
Maryland added 10,440 private sector jobs (seasonally adjusted) in July for a 0.5% monthly growth rate, tied for fifth fastest growth in the country. Overall, the state added 8,100 jobs, with 10 out of 13 major private sectors adding jobs. Maryland has now regained 33.8% or 49,200 of the jobs it lost since the 2007-2009 recession. This share ranks the state 19th in the country in job recovery and is about 50% better than the national job recovery rate of 22.2%.
Sectors leading the state’s growth included leisure and hospitality, which added 2,700 jobs, for 1.2% monthly growth—tied for seventh fastest in the country. Wholesale trade added 1.400 jobs, for a 1.6% growth rate—fifth best. Retail trade jobs rose by 1,300 for 0.5% growth. Construction added 1,000 jobs for 0.7% growth. The information services sector added 800 jobs for 1.8% monthly growth—third fastest among states. The professional and business services also added 2,800 jobs for 0.7% growth.
Sectors losing jobs included state and local government, which lost 2,200 jobs for a 0.6% rate of loss and health care services, which lost 1,400 jobs for a 0.4% loss [Figure 1]. The state’s unemployment rate rose by 0.2 percentage points to 7.2% in July, as the number of unemployed rose by 2,800 on the month, while the civilian labor force fell by 3,400.
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