12.21.24 – The Southern Maryland Chronicle – BALTIMORE, Md.
Maryland’s employment growth continues to surpass the national average, with the state adding 7,100 jobs in November alone, including 5,400 in the private sector. Year-to-date, Maryland’s total employment has increased by an estimated 40,900 jobs, representing a 1.5% growth rate, compared to the national average of 1.3%, according to the latest preliminary data from the U.S. Bureau of Labor Statistics (BLS).
2024 Job Growth Highlights
Key drivers of Maryland’s job growth include:
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- Health Care and Social Assistance: +14,800 jobs
- Public Sector: +9,600 jobs
- Professional, Scientific, and Technical Services: +7,300 jobs
- Private Educational Services: +6,200 jobs
November Employment Breakdown
In November, significant employment gains were observed across several industries:
- Public Sector: +1,700 jobs
- Professional, Scientific, and Technical Services: +1,400 jobs
- Health Care and Social Assistance: +1,300 jobs
- Retail Trade: +1,100 jobs
- Other Services: +1,000 jobs
- Transportation, Warehousing, and Utilities: +1,000 jobs
Despite these gains, five sectors experienced losses:
Administrative and Support, Waste Management, and Remediation: -2,800 jobs
- Arts, Entertainment, and Recreation: -400 jobs
- Construction: -400 jobs
- Finance and Insurance: -200 jobs
- Information: -100 jobs
Labor Force and Unemployment
Maryland’s labor force grew by an estimated 2,700 workers in November as more individuals began job searches. This slight expansion nudged the state’s unemployment rate up from 3.0% to 3.1%. However, Maryland’s unemployment rate remains significantly lower than the national rate of 4.2% and among the lowest in the country.
Revised October Data
Revised BLS estimates adjusted October’s employment data upward by 4,200 jobs, resulting in a net loss of 4,800 jobs for the month. The decrease in October’s employment primarily reflects seasonal adjustments.
Key Takeaways
“Maryland’s steady job growth, particularly in high-impact sectors such as Health Care and Professional Services, reflects the state’s robust economy and ongoing efforts to create opportunities for workers,” said a representative from the Maryland Department of Labor.
As Maryland continues to lead in employment gains, residents and businesses alike benefit from a growing labor market supported by diverse and expanding industries.
For immediate access to this month’s jobs data, visit the BLS website or the Maryland Department of Labor’s website.