Posts Tagged ‘jobs’

Maryland Jobs Lost, Unemployment Rises

Sunday, July 26th, 2009

According to the most recent data from the Bureau of Labor Statistics, Maryland’s unemployment rate rose once again during the month of June. The state’s jobless rate increased by 0.1 percent from May’s 7.2 percent to 7.3 percent. Although this is still below the national average of 9.5 percent, it is significantly higher than Maryland’s unemployment during the same month in 2008. In June of last year only 4.3 percent of people could not find jobs in Maryland.

“While Maryland’s unemployment rate remains considerably below the national average, all too many Marylanders are still being affected by this economic crisis,” said the Secretary of the state Department of Labor, Licensing and Regulation Thomas E. Perez. “We will continue to assist in any way possible to help return to the workforce.”

During June, employers in the state did away with approximately 1,100 jobs. The largest declines reported during the month were done so by businesses that provide administrative and support services. This area of employment did away with a total of 3,000 jobs in June. Other sectors help to make up for the losses experienced in this sector. The largest job gains occurred in the retail industry, professional and business services and the leisure and hospitality sector.

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Older Workers Struggle to Find New Jobs

Friday, July 24th, 2009

Looking for a job at any age can be difficult, but for those older members of the workforce there are specific issues. The recent economic struggle has caused many of these workers to lose jobs that they have held for a long time. According to a recent press release, this area of the population has been hit particularly hard by the rising job losses.

A recent survey conducted by Harris Interactive on behalf of job search engine Careerbuilder.com found that only 28 percent of workers age 55 and older who were laid off during the last 12 months have found new jobs. This is the lowest percentage of all age groups. For example, 71 percent of people between the ages of 25 and 34 that have lost their jobs have been able to find new ones.

Because of the problems of finding new jobs, the survey found that many of these older workers have expanded their job search efforts to include entry level positions and internships. On top of this, many are considering relocating for work and other options that would help them find work. Thankfully, the survey found that many employers are open to the idea.

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GM Cuts 1,600 Jobs

Thursday, April 23rd, 2009

With unemployment rising, fewer people can afford to spend money on such things as new cars and other consumer goods. Because of this automakers are no having to struggle to stay afloat, which has meant an increase in the number of manufacturing jobs cut at the plants responsible for creating these new vehicles.

According to a recent press release, automaker General Motors Corp. (GM), which was already struggling, is now in the process of cutting approximately 1,600 jobs in North America. Over the next few days, the company is expected to slice away these positions from its white-collar workforce.

Over the last few months, GM has been doing everything it can to qualify for part of the government’s automaker bail out. In order to do this, the company has had to change its infrastructure. The job cuts are just the most recent part of the company’s attempt to fit the government’s criteria.

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