Md. job numbers fall by 7,100 in January

Unemployment rate drops as residents give up the search for work

March 10, 2011|By Jamie Smith Hopkins, The Baltimore Sun

Maryland employers cut 7,100 jobs in January, one of the largest drops in the nation, the U.S. Department of Labor said this morning.

At the same time, the unemployment rate fell to 7.2 percent from December's 7.4 percent rate — largely because several thousand Maryland residents stopped looking for work and were no longer officially counted as unemployed, not a good sign.

Only Georgia, New Jersey, Florida and South Carolina suffered larger job losses in January, according to the federal government estimates. The numbers, which are adjusted to try to account for seasonal changes in hiring and layoffs, are preliminary and can be revised down the road.

All told, Maryland has just 4,600 more jobs now than it did a year ago, according to new figures from the federal government. That's a sharp revision downward from the employment gains initially reported in 2010.

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