Mike Preston's report card in Week 3
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Maryland added 700 jobs in August; unemployment rate holds steady at 4.3 percent

Maryland added 700 jobs in August; unemployment rate holds steady at 4.3 percent

Maryland job growth was lackluster in August, as employers added just 700 positions, a minimal gain that economists attributed to election uncertainty and summer payroll quirks.

Despite the modest increase, the state's unemployment rate held steady at 4.3 percent, according to the figures, which were released Tuesday by the Labor Department and are adjusted for seasonal variation.

Maryland's performance was in line with the rest of the country, where payrolls were essentially unchanged in 43 states. Over the 12 months that ended in August, Maryland has added about 46,800 jobs, a growth rate of about 1.8 percent — a hair higher than the national rate.

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