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Montgomery County's unemployment rate fell from 5.7% in July to 5.5% in August, lower than the state and national rates. While unemployment rates decreased in the Washington D.C. metro region, rates increased in Maryland and nationwide. The U.S. lost 261,000 jobs between July and August, raising the national unemployment rate to 9.6%. Montgomery County unemployment declined to 28,232 residents, down 338 from the previous month.

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Montgomery County's unemployment rate fell from 5.7% in July to 5.5% in August, lower than the state and national rates. While unemployment rates decreased in the Washington D.C. metro region, rates increased in Maryland and nationwide. The U.S. lost 261,000 jobs between July and August, raising the national unemployment rate to 9.6%. Montgomery County unemployment declined to 28,232 residents, down 338 from the previous month.

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Planning Docs
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trendsheet INDICATORS OF MONTGOMERY COUNTY PROGRESS September 2010

Montgomery County’s unemployment rate fell from 5.7 percent in July to


employment monitor 5.5 percent in August. Unemployment rates also fell throughout the
MONTGOMERY COUNTY region, but increased in Maryland and the nation.
The County’s unemployment rate fell two-tenths of a percentage point from 5.7 percent in July
to 5.5 percent in August 2010—just above the 5.4 percent unemployment rate posted 12 MONTHLY UNEMPLOYMENT RATE, 2007 - 2010
months ago. There were 28,232 unemployed County residents in August, down 338 persons
from the previous month. 11%

10%
STATE AND REGION 9.6%
9%
At 7.3 percent, Maryland’s August unemployment rate increased from 7.1 percent in July. 8%
Statewide, 216,591 persons were unemployed in August. The Washington, D.C. metropolitan 7.3%
7%
area’s unemployment rate fell from 6.3 percent in July to 6.2 percent in August, with 190,051
6.2%
unemployed persons in the region. Among neighboring counties, Arlington County had the 6%
5.5%
lowest unemployment rate at 4.1 percent, down from 4.2 percent in July and from 4.4 percent 5%

one year ago. Fairfax County’s August unemployment rate fell to 4.9 percent, down from 4%
5 percent in July but up slightly from 4.8 percent in August of last year. 3%

2%
NATION
1%
The U.S. economy lost 261,000 jobs between July and August of 2010. The nation’s 9.6 0%
percent unemployment rate in August 2010 was up from 9.5 percent in July. January -07 January -08 January -09 January -10 August-10
United States Maryland DC Metro Area Montgomery County

UNEMPLOYMENT TRENDS Aug-07 Aug-08 Aug-09 Aug-10


rate persons rate persons rate persons rate persons

Montgomery County, MD 2.6% 13,420 3.4% 17,995 5.4% 27,894 5.5% 28,232

Washington, D.C. Metro Area 3.0% 89,065 4.0% 121,597 6.1% 184,759 6.2% 190,051
Washington, D.C. 5.4% 17,860 6.9% 23,433 10.8% 35,977 10.0% 33,142
Alexandria, VA 2.3% 2,069 2.8% 2,666 5.0% 4,740 5.0% 4,806
Arlington, VA 2.0% 2,659 2.6% 3,516 4.4% 6,129 4.1% 5,809
Fairfax County, VA 2.2% 13,171 3.1% 18,528 4.8% 29,527 4.9% 29,819
Howard County, MD 2.6% 4,227 3.5% 5,656 5.5% 8,693 5.6% 8,802
Prince George's County, MD 3.6% 16,290 4.8% 21,949 7.4% 32,334 7.6% 34,136
Maryland 3.6% 107,659 4.6% 139,674 7.2% 215,763 7.3% 216,591

United States 4.6% 7,096,000 6.1% 9,509,000 9.7% 14,993,000 9.6% 14,860,000

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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