Md. lost 10.5K jobs in October, data shows

Daily Record Staff//November 18, 2022//

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Maryland lost 10,500 jobs in October and the state’s unemployment rate increased to 4.5%, according to preliminary numbers released Friday by the U.S. Department of Labor’s Bureau of Labor Statistics.

Sectors that experienced jobs growth include financial activities (1,600), leisure and hospitality (800), and manufacturing (600).

Sectors that experienced declines include trade, transportation and utilities (3,300), professional and business services (1,900), other services (1,600), mining, logging and construction (800), education and health services (300), and information (300).

September jobs estimates were revised to a gain of 5,200 jobs from the estimate of 5,300 jobs.

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