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Unemployment Rate

Maryland's unemployment rate holds at 4.2 percent, despite little job growth

Maryland's unemployment rate holds at 4.2 percent, despite little job growth

Momentum in Maryland's labor market continued to sputter in November, with employers adding just 100 jobs, making it the fifth month in a row with little or no job growth.

Job estimates released Friday by the U.S. Department of Labor showed the state's unemployment rate held steady last month at 4.2 percent.

That's lower than the national average of 4.6 percent. But job growth in Maryland has slowed significantly from earlier in the year, when the state appeared to finally be shaking off a slowdown related to a period of more limited federal spending.

Economist Laura Ratz, who follows Maryland for Moody's Analytics, said the earlier surge was unsustainable, given how...

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