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Maryland’s unemployment rate decreases to 3.5 percent, new record low in past decade

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Posted at 12:28 PM, Jan 24, 2020
and last updated 2020-01-24 12:28:53-05

BALTIMORE — Maryland has reached a new record low for unemployment.

According to the preliminary survey data, Maryland added 6,500 jobs in December. During the past five months, 41,900 jobs have been gained, which is the strongest five-month stretch of job gains since March 2010.

Maryland’s unemployment rate has decreased to 3.5 percent, which is a new record low for unemployment in the past decade.

“Since our administration took office just over five years ago, over 56,000 Marylanders are no longer unemployed, representing the largest decline in unemployment for any Maryland Governor in recorded history,” said Governor Larry Hogan. “With more Marylanders working and more businesses open than ever before, we are delivering on our promise to change Maryland for the better.”

Last month, the Education and Health Services sector experienced the most growth with an increase of 2,500 jobs from the Health Care and Social Assistance (1,700) and Education Services (800) sectors. The Leisure and Hospitality sector also had a significant increase of 2,000 jobs from the Arts, Entertainment, and Recreation (1,500) and Accommodation and Food Services (500) sectors.

“Through our department’s nationally-recognized EARN Maryland and apprenticeship programs, we are working directly with the business community to cultivate the skilled workforce they need to compete and grow in this ever-changing 21st century economy,” said Maryland Department of Labor Secretary Tiffany Robinson. “With the record-breaking workforce development funding in Governor Hogan’s proposed budget, Labor will have the ability to expand and support these industry-led partnerships like never before.”

Other sectors that experienced growth include: Other Services (1,100); Professional and Business Services (1,100); Financial Activities (500); and Mining, Logging, and Construction (400).