Skip to comments.Maryland's unemployment rate for July rises slightly to 7 percent
Posted on 08/18/2012 5:01:58 AM PDT by Cincinatus' Wife
............Less volatile, but not robust, he added. Maryland has added 2,500 jobs during the first seven months of this year, compared with 16,300 for the corresponding period a year ago. Bohnaker said he expects the state to see a total gain of 7,000 jobs for the rest of the year.
"That's still pretty weak when it's spread out over five months," he said. "I wouldn't expect more than that. If anything, the risks are on the downside."
PNC's Faucher added that the disconcerting news is that Maryland's unemployment rate rose even though its labor force contracted.
A government survey of Marylanders found that the number of residents employed or actively looking for work in recent weeks dipped last month to 3.078 million, compared with 3.081 million the month before.
"Maryland had more unemployed and fewer people looking for work," Faucher said. "That's not a good indication."
Faucher said Maryland's employment situation has been hurt by the weak economy, loss of government jobs 1,600 in July alone and the layoffs of 2,000 workers Sparrows Point manufacturer RG Steel, which filed for bankruptcy in May. On Wednesday, a federal bankruptcy judge approved the auction of the steel plant to a redevelopment firm and liquidation company, which said they would try to find an operator for the mill...........
(Excerpt) Read more at baltimoresun.com ...
Poster boy for unemployment and the crumbling U.S. economy:
Maryland has always had employment ,because of it’s proximity to Washington DC and the affirmitive ation jobs offered there.
It’s why our State always votes Democrat.
With our Democrat liberal, progressive, pro-homosexual,tax and spend Governor O’Malley and his taxing legislature running out the millionaires with higher taxes, and the Government cutting back,now we begin to see a rise in unemployment. We are the California of the East.
According to the study, the tax actually cost Maryland $1.7 billion in lost tax revenues.
... for your consideration.
Pepco may charge more due to outages
By Joe Stephens
Washington Post Staff Writer
Thursday, February 3, 2011
Pepco customers who struggled through up to five days without power last week could soon pay for the privilege.
Under a little-noticed decision by Maryland regulators, Pepco for years has been authorized to raise rates temporarily to recover money it loses when electricity use drops. The system was meant to encourage energy conservation.
But as an unintended consequence, customers could help make the company whole for outage-related losses next month by paying Pepco more than they would have otherwise. The higher rates would apply to all Maryland customers, including those who shivered in the dark for days.”.......
California jobless rate unchanged in July at 10.7%
Maryland “Freak State” PING!
7 percent is a significant number when you consider the number of government employees in the Baltimore DC area.