Maryland Department of Labor Releases February Jobs Report
Unemployment Rate Decreased to 2.9% - Lowest Rate on Record
BALTIMORE, MD (March 24, 2023) – The U.S. Department of Labor’s Bureau of Labor Statistics (BLS) released state jobs and unemployment data today. According to the preliminary survey data, Maryland decreased by 3,900 jobs in February, and the unemployment rate decreased to 2.9%. This is the lowest unemployment rate on record for Maryland since the BLS began publishing estimates for Maryland in January 1976.
"We continue to see historic lows in the unemployment rate. This trend underscores the importance of bringing people back into the workforce and ensuring they have the skills they need to thrive in our economy," said Secretary of Labor Portia Wu.
The Professional and Business Services sector experienced the most growth with an increase of 3,300 jobs. The Other Services sector added 2,000, and the Government added 100 jobs.
Sectors that experienced a decline include: Leisure and Hospitality (2,900); Private Education and Health Services (2,900); Trade, Transportation, and Utilities (2,200); Mining and Logging, and Construction (400); Financial Activities (300); Information (300); and Manufacturing (300).
Note: Data is transferred to the Maryland Department of Labor’s website directly from BLS servers. Our database may be refreshed with a brief lag. For more immediate access to this month's jobs data, please visit the BLS website.
Please visit the Maryland Department of Labor's website to view the current employment situation.