Job Market

Maryland unemployment rate stays steady in October

Maryland unemployment rate stays steady in October

Maryland lost 5,500 jobs in October though the unemployment rate remained steady at 3.8 percent, the U.S. Labor Department reported Friday.

The jobless rate remained below the national average of 4.1 percent, which ticked down from 4.2 percent in September as the employment picture improved in 12 states.

A “longer lens” shows that the Maryland economy has been performing well, said Andy Bauer, a senior regional economist in the Baltimore branch of the Federal Reserve Bank of Richmond.

The state joins 26 others in adding a statistically significant number of jobs in the past year. The state has gained 54,400 jobs, up 2 percent year-over-year, far off-setting the one-month...

54°