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The Nation's December Unemployment Rate Was at Its Lowest in More Than A Year. The Last Time The Nation Had 9.4 Percent Unemployment Was July 2009

The unemployment rate in Montgomery County, MD decreased from 5.3% in December 2009 to 5.2% in December 2010. The number of unemployed county residents declined from 26,970 to 26,399 over the same period. The national unemployment rate also improved, dropping from 10% in December 2009 to 9.4% in December 2010 as the number of unemployed nationwide decreased by over 634,000. Maryland's unemployment rate held steady at 7.4% between November and December 2010.

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0% found this document useful (0 votes)
21 views

The Nation's December Unemployment Rate Was at Its Lowest in More Than A Year. The Last Time The Nation Had 9.4 Percent Unemployment Was July 2009

The unemployment rate in Montgomery County, MD decreased from 5.3% in December 2009 to 5.2% in December 2010. The number of unemployed county residents declined from 26,970 to 26,399 over the same period. The national unemployment rate also improved, dropping from 10% in December 2009 to 9.4% in December 2010 as the number of unemployed nationwide decreased by over 634,000. Maryland's unemployment rate held steady at 7.4% between November and December 2010.

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trendsheet INDICATORS OF MONTGOMERY COUNTY PROGRESS December 2010

employment monitor The nation’s December unemployment rate was at its lowest in more
than a year. The last time the nation had 9.4 percent unemployment
MONTGOMERY COUNTY
was July 2009.
The County’s unemployment rate in December 2010 improved from the previous month—
down to 5.2 percent, a drop of three-tenths of a percent from the rate posted in November
2010. The December rate was one-tenth of a percent lower than the 5.3 percent
unemployment rate posted 12 months ago. In December 2010, there were 26,399 UNEMPLOYMENT RATE, 2007 - 2010
unemployed County residents, down1,600 persons from the previous month.
11%
STATE AND REGION
10%
At 7.4 percent, Maryland’s December unemployment rate was unchanged from November. 9.4%
9%
Statewide, 219,009 persons were unemployed in December. The Washington, D.C.
metropolitan area’s unemployment rate fell from 6.0 percent in November to 5.7 percent in 8%
December, with 173,956 unemployed persons in the region. Among neighboring counties, 7.4%
7%
Arlington County had the lowest unemployment rate at 3.7 percent, down from 3.9 percent in
6% 5.7%
November and 4.0 percent one year ago. Fairfax County’s December 2010 unemployment
rate is 4.4 percent, down two-tenths of a percent from November and three-tenths of a 5% 5.2%
percent from December 2009. 4%

3%
NATION
2%
The nation’s December 2010 unemployment rate was 9.4 percent—down four-tenths of a
percent from November 2010. The number of unemployed persons in the nation decreased by 1%
634,000, from 15.12 million unemployed persons in November to 14.49 million in 0%
December. January-07 January-08 January-09 January-10 December-10

United States Maryland DC Metro Area Montgomery County

UNEMPLOYMENT TRENDS Dec-07 Dec-08 Dec-09 Dec-10


rate persons rate persons rate persons rate persons

Montgomery County, MD 2.5% 12,803 4.0% 20,318 5.3% 26,970 5.2% 26,399

Washington, D.C. Metro Area 2.9% 88,435 4.6% 139,239 6.2% 186,786 5.7% 173,956
Washington, D.C. 5.4% 17,829 8.1% 26,820 11.9% 39,570 9.2% 30,211
Alexandria, VA 2.3% 2,105 3.5% 3,231 4.6% 4,345 4.4% 4,230
Arlington, VA 2.0% 2,693 3.1% 4,673 4.0% 5,542 3.7% 5,177
Fairfax County, VA 2.2% 13,074 3.4% 20,182 4.7% 27,833 4.4% 26,717
Howard County, MD 2.4% 3,851 3.8% 6,168 5.2% 8,033 5.1% 8,021
Prince George's County, MD 3.5% 15,764 5.4% 24,636 7.0% 31,050 7.0% 31,385
Maryland 3.5% 107,337 5.8% 173,993 7.4% 217,291 7.4% 219,009

United States 5.0% 7,696,000 7.4% 11,400,000 10.0% 15,267,000 9.4% 14,485,000

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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