NEWS
By Jamie Smith Hopkins, The Baltimore Sun | April 20, 2012
Maryland employers added 1,500 jobs in March — thanks entirely to growth in the private sector — but the state's unemployment rate inched up as the pool of would-be workers expanded more rapidly. The jobless rate was 6.6 percent in March, up from 6.5 percent in February, the U.S. Department of Labor estimated Friday. That's because the labor force, the number of adults working or looking for work, grew by 4,200 people in March, according to the agency. An improving economic situation typically brings out more job seekers, as people who had been discouraged by earlier difficulties get back in the hunt.
NEWS
April 6, 2012
The Obama administration and the liberal news media continues to keeps up their line that the unemployment rate is between 8 percent 9 percent. Don't believe it, as nothing could be further from the truth. The real unemployment rate ranges close to 15 percent or 16 percent because of the Obama's administration failed economic policies of the past three years. The administration's fuzzy math does not reflect the millions who simply quit looking for work or gave up on finding full time jobs.
BUSINESS
By Hanah Cho, The Baltimore Sun | March 30, 2012
Maryland's employers added 8,000 jobs in February, the latest sign of the state's economic recovery, labor officials said Friday. It's the sixth month in a row of jobs gains. The state's jobless rate remained unchanged at 6.5 percent from a month earlier, but that's nearly 2 percentage points lower than the 8.3 percent national average, preliminary figures from the U.S. Department of Labor show. "Employment is at its highest level since September 2008," Maryland Labor Secretary Alexander Sanchez said during a conference call.
NEWS
By Cal Thomas | February 11, 2012
The Obama administration is touting the latest unemployment numbers released last week by the U.S. Department of Labor as proof its policies are working. But a closer look at the actual number of able-bodied people who are willing to work, but are not, reveals a different picture. As economist John R. Lott has written, not only is the drop in the unemployment rate from 8.5 percent to 8.3 percent still half a percentage point higher than when President Barack Obama took office three years ago, the number of unemployed is higher.
NEWS
By Jamie Smith Hopkins, The Baltimore Sun | January 24, 2012
Maryland employers added nearly 25,000 jobs last year, according to new estimates - the best performance since 2006, but one that still leaves the state with more than 80,000 jobs to make up, given the recession's losses. At this rate of employment growth, it will take Maryland until 2015 to dig out of the job-loss hole. Getting back to a truly normal employment situation would take even longer because population growth calls for the constant creation of new jobs. Economist Richard Clinch thinks Marylanders shouldn't count on faster job growth this year because efforts to rein in the federal budget are rippling through the state's sizable base of government contractors.
NEWS
By Peter Morici | January 6, 2012
The economy added 200,000 jobs in December, and unemployment rate fell to 8.5 percent. Going forward, unemployment is not likely to fall much further and may rise again. Fourth quarter growth was exceptionally strong as the global economy recovered from first half disruptions such as the earthquake in Japan, but going forward economists expect growth to slow to about 2 percent. Job growth in the range of 130,000 should be expected to accommodate labor force growth, but it won't do much to lower the unemployment rate.