October 16, 2014

Unemployment Rate Lowest in State for July, August


The fact that the County’s 5.1% unemployment rate was the lowest in Maryland for July and August is the result of successes within the local diverse business community enhanced by County economic development efforts and initiatives

Learn more about the County’s business climate and the, services and resources available to help businesses be creative and grow in the Department of Economic Development’s digital magazine.

2 comments:

  1. Could the author of this article kindly give the details of how "unemployment rate" is defined and cacluated for Montgomery County? Formulas and parameter definitions would be great. Also, identification of the sources of the data values of each of the parameters would be helpful to residents who would like to better understand what it means when the County reports its unemployment rates. Thank you.

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    1. The County's Department of Economic Development explains that data used in reporting the monthly unemployment rate (and its ranking compared to other counties) come directly from the Maryland Department of Labor, Licensing and Regulation (DLLR). Each month, DLLR publishes a "Monthly Labor Review," which provides numbers for Labor Force Trends; Civilian Labor Force; Employment, Unemployment and Unemployment Rate; County Unemployment Ranking; and Select Cities Unemployment. The department simply reported the numbers reflected in DLLR’s county rankings chart in its e-Biz Update story. The representative at the department who offered the explanation agrees with you that citing the source would be proper and useful, and thanks you for your comment. They will make a better effort to cite sources in future stories. To see the chart they used to report the story, visit http://www.dllr.state.md.us/lmi/mlr/rankmonth.shtml.

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