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Indicators of Montgomery County Progress: Employment Monitor

The unemployment rates in Montgomery County and the Washington D.C. region increased in June while state and national rates declined. Montgomery County's unemployment rate rose to 5.7% from 5.3% in May. Maryland's unemployment rate dropped to 7.1% in June from 7.3% in May. The U.S. unemployment rate declined slightly to 9.5% as the economy lost 125,000 jobs, the smallest monthly decline since December 2009.

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47 views1 page

Indicators of Montgomery County Progress: Employment Monitor

The unemployment rates in Montgomery County and the Washington D.C. region increased in June while state and national rates declined. Montgomery County's unemployment rate rose to 5.7% from 5.3% in May. Maryland's unemployment rate dropped to 7.1% in June from 7.3% in May. The U.S. unemployment rate declined slightly to 9.5% as the economy lost 125,000 jobs, the smallest monthly decline since December 2009.

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Planning Docs
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trendsheet INDICATORS OF MONTGOMERY COUNTY PROGRESS July 2010

County and region unemployment rates have increased between May and June but
employment monitor state and national rates have declined. Montgomery County’s June unemployment rate
was 5.7 percent, an increase of 7.5 percent over last month’s 5.3 percent rate.
MONTGOMERY COUNTY
The County’s unemployment rate increased to 5.7 percent in June, up from 5.3 percent in
May. The unemployment rate has been on the rise since May, following three consecutive
monthly declines in February, March and April. The June 2010 unemployment rate is one- MONTHLY UNEMPLOYMENT RATE, 2007 - 2010
tenth of a percentage point below the 5.8 percent unemployment rate posted one year ago.
There were 28,979 unemployed County residents in June 2010, up 1,883 from the prior 11%
month. 10%
9.5% (June)
9%
REGION AND STATE 8%
Maryland’s unemployment rate dropped from 7.3 percent in May to 7.1 percent in June. 7%
7.1% (June)
There were 211,100 unemployed persons in the state, down 4,140 persons from May. The 6% 6.4% (June)
Washington, D.C. metropolitan area’s unemployment rate increased from 6.0 percent in May 5.7% (June)
5%
to 6.4 percent in June, but remains the lowest in the country. There were 195,740
unemployed persons in the Washington D.C. region in June 2010, up 11,138 from the prior 4%

month. 3%
2%
NATION 1%
The U.S. economy lost 125,000 jobs between May and June of 2010—the smallest monthly 0%
decline since December 2009. The unemployment rate dropped to 9.5 percent in June, down January-07 January-08 January-09 January-10
from 9.7 percent in May.
United States Maryland DC Metro Area Montgomery County

UNEMPLOYMENT TRENDS Jun-07 Jun-08 Jun-09 Jun-10


rate persons rate persons rate persons rate persons

Montgomery County, MD 3.0% 15,572 3.4% 18,074 5.8% 30,271 5.7% 28,979
Washington, D.C. Metro Area 3.1% 94,812 3.8% 116,517 6.4% 197,199 6.4% 195,740
Washington, D.C. 5.4% 18,470 6.4% 21,974 10.1% 35,741 10.0% 33,600
Fairfax County, VA 2.3% 13,632 2.9% 17,589 5.2% 31,495 5.1% 31,526
Howard County, MD 2.9% 4,649 3.3% 5,436 5.7% 9,184 5.5% 8,717
Prince George's County, MD 3.9% 17,638 4.5% 20,784 7.3% 33,019 7.4% 33,132
Maryland 3.5% 105,411 4.2% 127,726 7.1% 212,934 7.1% 211,100
United States 4.6% 6,966,000 5.5% 8,560,000 9.5% 14,721,000 9.5% 14,623,000
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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