Tuesday, June 21, 2011

Maryland Loses Jobs but Still Doing Well in Recession

The U.S. Department of Labor released the latest state-by-state unemployment numbers on Friday, and results for Washington area are only fair. Maryland is at 95.7 percent of its pre-recession employment rate for May compared to 95 percent of the national rate. And with a rate of 6.8 percent unemployment, the rate has improved from 7.4, or a change of 0.8 percent in the last year. Virginia has also shown improvement, with a 1 percent change in the past year. Virginia's current unemployment rate of 6 percent is slightly better than Maryland's. Statistically, Maryland has had a poor month. The change from April to May from 2,519,500 to 2,506,200 people employed represents a change of 13,400. The District of Columbia's unemployment rate hasn't changed significantly in a year. In May 2010, the rate was 9.9 percent; April 2011 saw 9.6 percent and May 9.7 percent.Read more article.. Source

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