Employment Situation - October 2010


(BALTIMORE, 11/23/10) - Alexander M. Sanchez, Secretary of Labor, Licensing and Regulation, announced today that Maryland added approximately 5,900 jobs in October on a preliminary basis as compared with September's revised totals. Maryland has now generated approximately 40,600 net jobs since January, adding jobs at a rate that is higher than the national growth rate during that period. This marks the fifth straight month that 2010 job totals have risen above year-ago figures, and the first time since 2006 that payrolls have increased from September to October.

"We are pleased that job growth has continued to increase in this challenging economic climate," said Secretary Sanchez. "We are committed to working with employers to create new opportunities for all Marylanders, and hope that Maryland's success will soon be reflected on a national level."

September's unemployment rate was revised downward from 7.5% to 7.4%, and October's preliminary estimates have held steady at 7.4%; however, there was an increase of 10,466 in the number of employed Marylanders. This marks the first September-October employment increase since 2007. On a national level, the rate remains at 9.6%, while employment declined and unemployment increased.

The private sector was responsible for the majority of October's growth, with the retail trade sector adding the most jobs (+4,100). This is the first time that the retail industry has posted a September-October increase since 2006. The administrative and support services sector reported an increase of 2,000 jobs, partly due to the growth of temp agencies. Notable gains were also observed in the health care and social assistance sector (+2,200) and the educational services sector (+2,100, possibly owing to increased hiring by colleges and universities receiving grants).

Over the past year, Maryland has gained a total of 28,400 jobs, for a growth rate of 1.1 percent - nearly twice the national rate of 0.6%.

Employment Situation