Maryland's job growth beats national average in July

Around Maryland, Business

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BALTIMORE, MD – Total employment in Maryland grew at twice the national average in July 2024 compared to June 2024, according to a press release from the U.S. Department of Labor’s Bureau of Labor Statistics.

Maryland added a total of 6,100 new jobs in July 2024, including 5,300 in the private sector. The state's job growth rate of 1.2 percent through the first seven months of 2024 exceeds the national average of 0.9 percent.

“The top five sectors contributing to job growth in Maryland were: administrative and support and waste management and sanitation services (+1,800 jobs); professional, scientific and technical services (+1,400 jobs); transportation, warehousing and utilities (+1,300 jobs); government (+800 jobs); and finance and insurance (+500 jobs),” the release said. “The four sectors that lost jobs in July were: information (-100 jobs), construction (-200 jobs); arts, entertainment and recreation (-600 jobs); and health and human assistance (-700 jobs).”

Maryland's unemployment rate remained unchanged at 2.8 percent in July 2024. The state's labor force participation rate, which measures the number of people working or actively seeking work, increased 0.1 percent to 65.5 percent, the state's highest labor force participation rate since September 2020, the release said.

This article was written using artificial intelligence and reviewed by a human editor.

Photo by Pixabay from Pexels

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