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Job growth escalates in Maryland

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Published on: Thursday, April 04, 2013

By Donna Broadway

ANNAPOLIS-The U.S. Department of f Labor released its preliminary February 2013 job report with Maryland showing a growth of 10,500 jobs. With the additional jobs, Maryland’s unemployment dropped 0.1 percent to 6.6 percent, ranked 20th in the nation.  Recent statistics from the bureau of labor statistics show Montgomery County’s unemployment rate at 4.9 percent the second lowest in the county.

The Professional/Business Services added the most jobs with 1,900. The Financial Activities sector added 1,000 jobs, with gains reported in lending institutions and among insurance carriers.

The Natural Resources/Mining/Construction gained 700 jobs with a total of 4,900 jobs since November. The Education/Health Care/Social Assistance sector added 900 jobs.

"As Maryland's jobs numbers rise, it's clear our investments in workforce training are continuing to pay off. We know that our economic prosperity is directly tied to the education and skill level of the State's workforce. Through the Employment Advancement Right Now or EARN initiative, we're forging new collaborations between business, education, the non-profit community and state and local government to bridge the skills-gap and improve student achievement and career readiness in Maryland,” said Maryland Labor Secretary Leonard Howie.  

Maryland added over 38,000 jobs in the first quarter of 2013. The state will need to add 9,000 more to recover the jobs lost in the recession.

 “Together, we set a goal in Maryland to recover every single job we’ve lost during the Bush recession by the end of 2014, and today we are closer than ever before to reaching that goal. We have now recovered nearly 95 percent of those jobs,” said Governor O’Malley.

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