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Maryland unemployment rate fell in October

Maryland’s unemployment rate fell to 7.2 percent in October, the first drop in six months as the state’s employers added 3,100 net new jobs to their payrolls, according to the Department of Labor, Licensing and Regulation.

Private sector employment increased by 1,900 positions and state and local governments brought on new workers as well, according to DLLR’s preliminary figures.

Federal government employment fell by 1,100 and the sector that includes government contractors lost 300 positions.

“This month’s report supports the evidence that Maryland is an economic leader and among the best states to do business,” said state labor Secretary Alexander M. Sanchez. “Still, we must protect our investments in skills training and maintain our status as one of the best-positioned states to recover quickly and sustainably.”

The state has reported job growth of 20,400 in 2011, the strongest January to October growth since 2005, according to DLLR.

Strong sectors in October included trade and transportation, which added 2,100 jobs; finance, with 1,500 jobs; and education and health care, with 1,400 jobs.