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The unemployment rate in Montgomery County dropped two-tenths of a percent in February 2011 to 5.1 percent, the lowest since April 2009. This decrease mirrors improving national employment trends. The county saw 26,167 unemployed residents, down 1,174 from January. Maryland's unemployment rate also fell one-tenth of a percent in February. Nationally, the unemployment rate declined to 8.9 percent, with 190,000 fewer unemployed persons compared to January.

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37 views1 page

Trendsheet

The unemployment rate in Montgomery County dropped two-tenths of a percent in February 2011 to 5.1 percent, the lowest since April 2009. This decrease mirrors improving national employment trends. The county saw 26,167 unemployed residents, down 1,174 from January. Maryland's unemployment rate also fell one-tenth of a percent in February. Nationally, the unemployment rate declined to 8.9 percent, with 190,000 fewer unemployed persons compared to January.

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Planning Docs
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trendsheet INDICATORS OF MONTGOMERY COUNTY PROGRESS

April 2011
April 2011

employment monitor The jobs outlook in Montgomery County improves – the February 2011
unemployment rate dropped two-tenths of a percent to 5.1 percent -as
MONTGOMERY COUNTY
signs point to economic growth nationally.
In February 2011, Montgomery County’s unemployment rate dropped two-tenths of a percent
from the previous month to 5.1 percent – the lowest rate since April 2009. The current rate
reflects 26,167 unemployed residents in the county, down 1,174 persons from January and UNEMPLOYMENT RATE, 2007 - 2011
eight-tenths of a percent lower than the 5.9 percent unemployment rate posted in February
2010. Overall, the local jobs outlook is improving, mirroring the national trend. 11%

10% February 2011


STATE AND REGION
9%
At 7.1 percent, Maryland’s February 2011 unemployment rate decreased one-tenth of a 8.9%
percent from January. Statewide, 210,120 persons were unemployed in February. The 8%
Washington, D.C. metropolitan area’s unemployment rate decreased from 6.1 percent in 7% 7.1%
January to 5.9 percent in February, with 179,417 unemployed persons in the region. Among
neighboring counties, Arlington County had the lowest unemployment rate at 3.9 percent, 6% 5.9%
down from 4.1 percent in January and down from the 4.8 percent posted one year ago. 5% 5.1%
Fairfax County’s February 2011 unemployment rate was 4.6 percent, down one-tenth of a
4%
percent from January and down nine-tenths of a percent from February 2010.
3%
NATION 2%
The nation’s February 2011 unemployment rate was 8.9 percent —down one-tenth of a
1%
percent from January. The number of unemployed persons in the nation decreased by
190,000, from 13.86 million unemployed persons in January to 13.67 million in February. 0%
January-07 January-08 January-09 January-10 January-11
UNEMPLOYMENT TRENDS United States Maryland DC Metro Area Montgomery County

Feb-07 Feb-08 Feb-09 Feb-10 Feb-11


rate persons rate persons rate persons rate persons rate persons
Montgomery County, MD 2.8% 14,347 2.8% 14,236 5.2% 26,572 5.9% 29,902 5.1% 26,167
Washington, D.C. Metro Area 3.1% 90,715 3.2% 95,903 5.8% 176,846 6.9% 209,960 5.9% 179,417
Washington, D.C. 5.5% 17,817 5.4% 17,833 9.0% 29,985 10.6% 35,129 9.5% 31,648
Alexandria, VA 2.2% 1,965 2.5% 2,260 4.7% 4,447 5.4% 5,100 4.7% 4,532
Arlington, VA 1.9% 2,529 2.1% 2,871 4.1% 2,529 4.8% 6,594 3.9% 5,517
Fairfax County, VA 2.2% 12,452 2.5% 14,297 4.5% 26,787 5.5% 33,084 4.6% 27,567
Howard County, MD 2.7% 4,284 2.6% 4,202 5.1% 8,098 5.8% 8,982 5.1% 8,046
Prince George's County, MD 3.8% 16,848 3.8% 16,969 6.9% 30,984 7.8% 34528 7.0% 31,028
Maryland 3.5% 107,217 3.6% 109,843 6.5% 197,138 7.6% 227,964 7.1% 210,120
United States 4.5% 6,900,000 4.8% 7,441,000 8.2% 12,737,000 9.7% 14,860,000 8.9% 13,673,000
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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