Unemployment and Layoffs

Maryland's jobless rate drops in October

Maryland's jobless rate drops in October

The state’s unemployment rate was 4.1 percent in October, down a tenth of a percent from the previous month’s rate and 0.2 percent from a year before, numbers that are historically low but remain above the national average.

The national unemployment rate was 3.7 percent for October, down about 0.4 percentage points from a year earlier, according to data released Friday by the U.S. Department of Labor’s Bureau of Labor Statistics.

Andy Bauer, a senior regional economist in the Baltimore branch of the Federal Reserve Bank of Richmond, said he expected the state’s rate to continue dropping.

“State unemployment is still very low on historical basis, but should it be...

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