Maryland’s unemployment rate held steady at 4.3 percent in April as the state lost 4,300 jobs, the U.S. Labor Department said Friday.
The state’s jobless rate had ticked up to 4.3 percent in March, from 4.2 percent. Unemployment in the U.S. was 3.9 percent last month.
Maryland’s unemployment rate may be higher than that of the U.S. because the state is seeing more people looking for work and they may not be finding jobs quickly, said Richard Kaglic, a senior regional economist for the Federal Reserve Bank of Richmond. Companies looking to hire are sometimes struggling to find qualified empolyees, he said.
Still, Maryland saw a broad-based job decline in April, Kaglic...