Unemployment holds steady in Maryland

March 08, 1997|BY A SUN STAFF WRITER

Maryland's seasonally adjusted unemployment rate stayed steady at 4.5 percent in January, according to new data from the state Department of Labor, Licensing and Regulation (DLLR). The state continued to stay well below the national unemployment rate, which was 5.4 percent for January.

Without adjusting for seasonal variations, Maryland's unemployment rate increased to 4.8 percent in January from 4.2 percent in December. But that's typical, as retailers lay off seasonal help after the holiday shopping season.

"The good news is that we maintained a record high employment level for the month and continue to be more than a full percentage point lower than the national unemployment rate and more than a full percentage point below last year's January level," said Eugene A. Coni Jr., DLLR's secretary.

The national unadjusted unemployment rate for January was 5.9 percent, DLLR said.

The number of employed Marylanders fell by 78,000 from December to January, to 2.589 million. Even so, that level was a record-high for the month.

Pub Date: 3/08/97

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