Federal Reserve

Maryland unemployment rate holds steady in May at 4.3 percent

Maryland unemployment rate holds steady in May at 4.3 percent

Maryland’s unemployment rate was 4.3 percent in May, unchanged from the previous two months and a bit higher than the national rate of 3.8 percent, the U.S. Department of Labor’s Bureau of Labor Statistics reported Friday.

The state added 4,600 jobs in the month, with about half in state and local government and the other half in the private sector.

Andy Bauer, a senior regional economist at the Baltimore branch of the Federal Reserve Bank of Richmond, called it a “solid report” for Maryland.

“We saw some positive signs, even with the unemployment numbers remaining unchanged at 4.3 percent for the last couple of months,” he said. “Unemployment edged down but not enough...

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