If the local trend continues, more unemployed job seekers will find Baltimore work in the near future.
During March 2010, the Baltimore-Towson area’s unemployment rate decreased from 8.7 percent to 8 percent, following an increase from 8.6 percent during February. The latest decrease keeps the area’s rate below the national average at the time of 9.7 percent.
The Baltimore area had a total non-farm employment of 1,253,300 workers during March, according to the U.S. Department of Labor Bureau of Labor Statistics. This is up from 1,222,000 workers during February, but a 1.2 percent decrease from last year.
Every industry managed to see a monthly increase in employment during March, except for the manufacturing industry, which remained even with 60,900 jobs. The professional and business services industry led the herd, adding 7,600 jobs over the month.
Other industries that saw a monthly increase in employment include:
- Mining, logging and construction by 5,300 jobs
- Leisure and hospitality by 5,300 jobs
- Trade, transportation and utilities by 4,200 jobs
- Government by 4,200 jobs
- Education and health services by 2,100 jobs
- Other services by 1,400 jobs
- Financial activities by 1,000 jobs
- Information by 200 jobs
Only four industries managed to see a yearly increase in employment during March, with the leisure and hospitality industry growing the most. That industry increased by 2.6 percent to 111,300 workers. That was followed by the education and health services industry, which grew by 2.2 percent to 239,400 jobs.
The professional and business services industry increased by 2.1 percent over the month to 184,100 workers, while the government industry grew by .3 percent to 229,600 jobs.
On the flip side, the mining, logging and construction industry took the biggest hit when compared to last year. The industry lost 17.7 percent of its workforce – which now stands at 58,900 jobs – between March 2009 and March 2010.
Other industries that saw an over-the-year decrease in employment include:
- Financial activities by 8 percent
- Information by 6.3 percent
- Manufacturing by 5.3 percent
- Other services by 1.6 percent
- Trade, transportation and utilities by 1.1 percent