ANNAPOLIS, MD (January 24, 2012) – Governor Martin O’Malley today released the following statement on the U.S. Department of Labor’s release of preliminary employment data for the month of December. The report shows that Maryland’s unemployment rate improved 0.2 percentage points in December to 6.7 percent – 1.8 percentage points below the national rate. Maryland employers added 3,100 jobs in December, the fourth straight month of job growth. Last year, Maryland added 30,300 new jobs, the largest January-December job growth since 2005.
“In December, our State added jobs for the fourth consecutive month, capping our best year of job creation since 2005. Last year, Maryland created 30,300 new jobs, driving our unemployment rate down to its lowest level in nearly three years. More of our families are working because together, we have remained focused on jobs. In fact, our State has now recovered 45 percent of the jobs lost during the recession, compared to only 30 percent for the rest of the nation.
“To continue to create jobs, a modern economy requires modern investments. That’s why this session, our budget proposal and legislative agenda make job creation and its key ingredients—education, innovation and rebuilding our State’s infrastructure—our top priority. Together, we can expand opportunity today, so that our children can compete and win the jobs and opportunity of tomorrow.”