- The most recent jobs report showed that between May and June, Maryland gained a total of 68,300 Total Nonfarm jobs.
- The official unemployment rate for Maryland dropped to 8.0 percent.
According to the most recent jobs report from the Bureau of Labor Statistics (BLS), Maryland gained a total of 68,300 Total Nonfarm positions between May and June of 2020. This total resulted from a recovery of 62,700 Total Private jobs combined with a gain of 5,600 Total Government positions. According to the official BLS estimate, Maryland’s unemployment rate has dropped to 8.0 percent in June. This is significantly better than the 10.0 percent unemployment rate in May but still substantially higher than the 3.6 percent unemployment rate in June of 2019.
As the Maryland economy took steps to reopen in June, many of the recovered jobs are in industries hit hardest by the economic shutdown. Among all subsectors, the largest gain was seen in Accommodation and Food Services, which restored 21,700 jobs. This was followed by State Government, which added 10,500 jobs, and Retail Trade, which gained 10,100 positions. Both Accommodation and Food Services and Retail Trade have benefited from the reopening of stores and restaurants, even as they continue to limit capacity. Meanwhile, hiring in the State Government subsector has increased the number of jobs to a substantially higher total than before the pandemic.
While most subsectors added jobs in June, there are still some areas of the economy that are shrinking. The most significant losses were seen in Local Government, which shed 4,700 jobs, and Finance and Insurance, which dropped by 1,600 positions. Local Government has now lost nearly 10 percent of the total positions in Maryland since March. While this is not as large as some of the losses originally seen among restaurants, hotels, or retail stores, jobs in government are usually considered to be more secure. Meanwhile, Finance and Insurance did not see a significant loss of jobs as a result of the coronavirus pandemic or economic shutdown, and the loss in that subsector resembles normal month-to-month fluctuations.
Maryland’s unemployment rate of 8.0 percent is the lowest among all of its neighbors in the Mid-Atlantic region in June. Virginia and the District of Columbia follow close behind, with an unemployment rate of 8.4 percent and 8.6 percent, respectively. Delaware remains at a high 12.5 percent unemployment rate despite a significant drop since May, while Pennsylvania continues to struggle with 13 percent unemployment. All of Maryland’s neighbors saw significant recovery in both the Leisure and Hospitality and Accommodation and Food Services subsectors, as each state implemented its own plan for reopening the economy.
Mid-Atlantic Regional Employment Workbook
To make more sense of what’s happening with Maryland’s employment numbers, we’ve embedded our Mid-Atlantic Regional Employment Workbook. This dashboard allows you to examine 29 different industries to see how employment is varying in Maryland, as well as four other states in the Mid-Atlantic region. To use the dashboard, select a sector of the economy that interests you from the dropdown at the top. When you change the sector of interest, the map and five line graphs will update to reflect historical data for that industry. Want to know how employment changed in the sector last month? Hover over each state in the map for percentage changes. Or hover over the line graphs to get more detailed information on the number of employees each month since January 2017 by state.