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Montgomery County's unemployment rate fell significantly in October to 5.2%, down from 5.5% in September. This was the largest monthly drop since June and a half percent improvement from one year ago. The number of unemployed county residents decreased by 1,427. Maryland's unemployment rate also declined slightly. Nationally, the unemployment rate remained unchanged at 9.6%, with the number of unemployed increasing slightly.

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Montgomery County's unemployment rate fell significantly in October to 5.2%, down from 5.5% in September. This was the largest monthly drop since June and a half percent improvement from one year ago. The number of unemployed county residents decreased by 1,427. Maryland's unemployment rate also declined slightly. Nationally, the unemployment rate remained unchanged at 9.6%, with the number of unemployed increasing slightly.

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trendsheet INDICATORS OF MONTGOMERY COUNTY PROGRESS November 2010

employment monitor Montgomery County’s employment situation in October improves


significantly, with the unemployment rate falling from 5.5 percent to 5.2
MONTGOMERY COUNTY
percent, the biggest monthly drop since June.
The County’s unemployment rate in October 2010 improved significantly from the previous
month—down to 5.2 percent, a drop of three-tenths of a percent from the rate posted in
September 2010. This improvement is the biggest monthly drop since June, and is a one-half
percent improvement from the 5.7 percent unemployment rate posted 12 months ago. In UNEMPLOYMENT RATE, 2007 - 2010
October, there were 26,815 unemployed County residents, down 1,427 persons from the
previous month. 11%
10%
STATE AND REGION 9.6%
9%
At 7.4 percent, Maryland’s October unemployment rate decreased from 7.5 percent in 8%
September. Statewide, 218,256 persons were unemployed in October. The Washington, D.C. 7.4%
7%
metropolitan area’s unemployment rate fell from 5.9 percent in September to 5.8 percent in
October, with 177,677 unemployed persons in the region. Among neighboring counties, 6% 5.8%
Arlington County had the lowest unemployment rate at 3.8 percent, down from 3.9 percent in 5% 5.2%
September and 4.2 percent one year ago. Fairfax County’s October 2010 unemployment rate 4%
is unchanged from September at 4.6 percent and down from 4.7 percent in October 2009. 3%
2%
NATION
1%
The nation’s October 2010 unemployment rate is statistically unchanged from September
2010 at 9.6 percent. The number of unemployed persons in the nation increased by 76,000 0%

from 14.77 million unemployed persons in September to 14.84 million in October. January-07 January-08 January-09 January-10 October-10

United States Maryland DC Metro Area Montgomery County

UNEMPLOYMENT TRENDS Oct-07 Oct-08 Oct-09 Oct-10


rate persons rate persons rate persons rate persons

Montgomery County, MD 2.7% 14,042 3.8% 19,497 5.7% 29,089 5.2% 26,815

Washington, D.C. Metro Area 2.9% 87,060 4.1% 124,164 6.3% 190,729 5.8% 177,677
Washington, D.C. 5.2% 16,984 7.2% 23,856 11.7% 38,805 9.6% 31,769
Alexandria, VA 2.2% 1,977 2.9% 2,708 4.7% 4,446 4.4% 4,150
Arlington, VA 1.9% 2,473 2.7% 3,639 4.2% 5,721 3.8% 5,350
Fairfax County, VA 2.1% 12,462 3.0% 17,825 4.7% 28,344 4.6% 27,987
Howard County, MD 2.6% 4,249 3.6% 5,887 5.5% 8,754 5.2% 8,197
Prince George's County, MD 3.6% 16,519 5.1% 23,189 7.3% 32,822 7.0% 31,663
Maryland 3.6% 108,011 5.1% 153,864 7.3% 216,744 7.4% 218,256

United States 4.7% 7,273,000 6.6% 10,172,000 10.1% 15,612,000 9.6% 14,843,000

Source: Montgomery County Planning Department analysis of U.S. Bureau of Labor Statistics, Local Area Unemployment Statistics and Current Employment Survey data

Montgomery County Planning Department, M-NCPPC


MontgomeryPlanning.org

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