DLLR News

 

Maryland Employment Situation - December 2009

 

BALTIMORE (1/22/10) - Department of Labor, Licensing and Regulation Secretary Alexander M. Sanchez announced that Maryland's seasonally adjusted unemployment rate rose in December to 7.5 percent, from November's revised rate of 7.3 percent. The unemployment rate in Maryland continues to be substantially below the national rate, which was 10.0 percent in December.

"By most accounts the worst of the economic downturn appears to be behind us, but we know employment is a lagging indicator," Secretary Sanchez said. "Given these realities we must continue to do everything we can to create jobs in our State and keep people employed."

Secretary Sanchez added, "Creating jobs in our State and keeping Maryland families employed is why Governor O'Malley has proposed a $3,000 tax credit this year for each person an employer hires who is on the State's unemployment rolls or who has recently exhausted unemployment benefits."

The jobs tax credit is part of a package of bills that includes $83 million in unemployment insurance rate relief for employers and a proposal to expand existing loan guarantee programs to increase access to credit for small businesses.

Maryland employers cut approximately 8,700 payroll jobs during December. Losses were spread across a number of industry sectors, with some of the largest private sector reductions occurring in retail trade, real estate, accommodations, construction and administrative support.

The state's unemployment rate was 5.4 percent in December 2008.

County unemployment numbers will be available at DLLR website beginning Friday, Jan. 29. Unemployed Marylanders are encouraged to visit our website to find their local One- Stop Career Center.

Maryland Employment Situation