Posts Tagged ‘Maryland 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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Constellation Headquarters, Jobs, to Stay in Maryland

Tuesday, October 14th, 2008

Baltimore power company Constellation Energy Group — one of the state’s largest businesses and the parent of utility Baltimore Gas and Electric Co. — will keep its headquarters and jobs in Maryland, the head of Constellation’s potential new owner said Monday.

“When it is a regulated business, we believe a utility business should be a local business and has to be run by local management,” Gregory E. Abel, president and CEO of MidAmerican Energy Holdings, said.

Forced by a liquidity crisis that saw its stock price plunge by more than 50 percent last week, Constellation agreed to be purchased for $4.7 billion by MidAmerican, which is controlled by billionaire investor Warren Buffett. Local business leaders feared that the sale would lead to fewer Constellation jobs in the state.

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The Maryland Job Search

Monday, May 12th, 2008

Maryland’s jobless rate rose in March to 3.6 percent, according to the Department of Labor, Licensing and Regulation. This figure is only up .1 percent from March of 2007 and .2 percent higher than the unemployment rate of February of this year.

Despite increasing slightly, Maryland has the 10th lowest unemployment rate in the nation and remains well under the national jobless rate average of 5.1 percent. Three of the state’s counties, Howard, Calvert and Montgomery, all had unemployment rates under 3 percent.

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