I recently read an interesting article about Howard County's Unemployment Rate.
Our regional economy has performed very well over the past few years especially compared to other areas of the country. It's always important to note that the news we hear in the general media is just that - general. It does not always reflect the local or regional picture. Howard County’s unemployment rate has just been announced as the lowest in the state. It also notes that Maryland's unemployment rate is one of the lowest in the country. More reasons to consider real estate investment in this area!
Howard County’s unemployment rate dropped to 5.1% in October, representing the lowest figure in Maryland. The county’s previous unemployment rate, documented in September by the Maryland Department of Labor, Licensing & Regulation, was 5.4%
“It is very encouraging to see our unemployment rate consistently drop from month to month — evidence of our focus on fostering economic development opportunities through innovation and entrepreneurship,” said County Executive Ken Ulman. “While 5.1% is still unacceptable to us and to those looking for work, I assure you that job creation is a top priority of this administration and we will continue to focus on creating and retaining good jobs in Howard County.”
The unemployment rate in Maryland also dropped in October, from 7.4% to 7.2%, putting the state below the national average and among the lowest in the country.