Skip to main content

Maryland unemployment falls, Virginia jobless rate rises

Unemployment rates rose in seven states, including Virginia.

The U.S. Bureau of Labor Statistics says the unemployment rate in Virginia was 3.0%, rising from 2.8% in November, but still lower than 3.3% a year earlier. Maryland’s unemployment rate in December was 4.0%, down from 4.3% in November and 5.4% in December 2021.

Maryland had the largest year-over-year percentage decline in unemployment of any state in December.



The District’s unemployment rate was 4.7% last month, still the second-highest when compared to states, but significantly lower than 6.1% a year earlier.

Utah had the lowest December unemployment rate, at 2.2%, followed by North and South Dakota at 2.3%. Nevada had the highest state unemployment rate, at 5.2%.

At the end of December, Maryland’s non-farm payrolls counted 44,100 more jobs than a year earlier, for an annual job growth rate of 1.6%. Virginia ended the month with a net gain of 103,500 jobs, for a job growth rate of 2.6%.

The Bureau of Labor Statistics posted seasonally-adjusted state unemployment rates and changes in non-farm payrolls online.

Oil prices slip and Asian shares are mostly lower as investors sell chipmaker stocks

HONG KONG (AP) — Oil prices fell Wednesday and Asian shares were mostly trading lower as South Korea’s Kospi extended its losses after falling more than 16% over the past two days. Crude prices remain volatile after the U.S. said early Thursday it had conducted a “heavy wave” of strikes against Iran, responding to an attack on a U.S. base. U.S. futures edged higher after losses on Wall Street. In South Korea, recent drops in its benchmark Kospi, a big beneficiary of the global boom in artificial intelligence, have been seen by some analysts as a reflection of broader doubts about massive investments by technology giants in expanding capacity for AI.
Read Next Story