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Indicators of Montgomery County Progress: - March 2011employment Data

The unemployment rate in Montgomery County dropped from 5.7% to 5% between March 2010 and March 2011, the lowest since April 2009, as the local jobs outlook mirrors national economic growth. The county saw 25,870 unemployed residents in March 2011, down from 29,513 the previous year. Maryland's unemployment rate also fell from 7.7% to 6.9% in that period, with 206,945 unemployed statewide in March 2011. Nationally, the unemployment rate dropped from 9.7% to 8.8%, a decrease of over 1.4 million unemployed individuals.

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60 views1 page

Indicators of Montgomery County Progress: - March 2011employment Data

The unemployment rate in Montgomery County dropped from 5.7% to 5% between March 2010 and March 2011, the lowest since April 2009, as the local jobs outlook mirrors national economic growth. The county saw 25,870 unemployed residents in March 2011, down from 29,513 the previous year. Maryland's unemployment rate also fell from 7.7% to 6.9% in that period, with 206,945 unemployed statewide in March 2011. Nationally, the unemployment rate dropped from 9.7% to 8.8%, a decrease of over 1.4 million unemployed individuals.

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Planning Docs
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trendsheet INDICATORS OF MONTGOMERY COUNTY PROGRESS May 2011

e m p l o y m e n t m o n i t o r – March 2011employment data


The jobs outlook in Montgomery County improves as signs point to
MONTGOMERY COUNTY
In March 2011, Montgomery County’s unemployment rate dropped seven-tenths of a percent economic growth nationally. The County unemployment rate dropped
from the previous March to 5 percent – the lowest rate since April 2009. The current rate from 5.7 percent to 5 percent in the past year, the lowest since April
reflects 25,870 unemployed residents in the county. Overall, the local jobs outlook is
improving, mirroring the national trend. 2009.
STATE AND REGION
At 6.9 percent, Maryland’s March 2011 unemployment rate decreased eight-tenths of a UNEMPLOYMENT RATE, 2007 – 2011
percent since March a year ago. Statewide, 206,945 persons were unemployed in March. The
Washington, D.C. metropolitan area’s unemployment rate also decreased eight-tenths of a
percent from last year to 5.8 percent in March, with 178,174 unemployed persons in the
region. Among neighboring counties, Arlington County had the lowest unemployment rate at
3.9 percent, down eight-tenths of a percent posted one year ago, with 5,515 people. Fairfax
County’s March 2011 unemployment rate was 4.5 percent, down nine-tenths of a percent
from March 2010.

NATION
The nation’s March 2011 unemployment rate was 8.8 percent – down nine-tenths of a percent
from March 2010. The number of unemployed people in the nation decreased by 1.4 million
– from 14.94 million unemployed persons in March 2010 to 13.54 million in March 2011.

UNEMPLOYMENT TRENDS

UNEMPLOYMENT TRENDS Mar-07 Mar-08 Mar-09 Mar-10 Mar-11


ra te pers ons ra te pers ons ra te pers ons ra te pers ons ra te pers ons
Montgomery County, MD 2.5% 12,877 2.6% 13,626 5.0% 25,612 5.7% 29,513 5.0% 25,870
Wa s hi ngton, D.C. Metro Area 2.8% 84,511 3.2% 98,083 5.7% 175,618 6.6% 200,961 5.8% 178,174
Wa s hi ngton, D.C. 5.1% 16,756 5.9% 19,746 8.8% 28,049 10.1% 33,854 10.0% 33,247
Al exa ndri a , VA 2.0% 1,814 2.5% 2,292 4.8% 4,547 5.3% 5,122 4.5% 4,386
Arl i ngton, VA 1.7% 2,290 2.1% 2,910 4.3% 5,895 4.7% 6,632 3.9% 5,515
Fa i rfa x County, VA 2.0% 11,607 2.5% 14,542 4.6% 27,659 5.4% 32,223 4.5% 27,287
Howa rd County, MD 2.4% 3,802 2.5% 4,103 4.9% 7,763 5.5% 8,713 5.1% 8,093
Pri nce George's County, MD 3.5% 15,710 3.7% 16,576 6.5% 29,361 7.7% 34,299 6.8% 30,626
Ma ryl a nd 3.5% 105,585 3.7% 112,430 6.7% 204,942 7.7% 225,836 6.9% 206,945
Uni ted Sta tes 4.4% 6,721,000 5.1% 7,781,000 8.6% 13,278,000 9.7% 14,943,000 8.8% 13,542,000
Montgomery County Planning Department, M-NCPPC
Source: Montgomery County Planning Department analysis of U.S. Bureau of Labor Statistics, Local Area Unemployment Statistics and Current Employment Survey data MontgomeryPlanning.org

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