Maryland Poised To Lose 115,000 Jobs

Maryland lost 11,000 jobs in June, the fourth straight month of employment declines, the U.S. Department of Labor said Friday.

The agency's new numbers revise the total from May, suggesting that month wasn't as bad as preliminary numbers had shown. Maryland employers cut 2,900 jobs rather than 7,500 in May.

But the state's job loss for June is third-biggest in the country, according to the Labor Department's early estimates.

Wisconsin shed 13,200 jobs and Tennessee lost 12,100, the agency estimated.

Maryland shifted from gains to losses as the country's growth downshifted. Monthly job gains nationwide, above 200,000 early in the year, fell below 100,000 for each of the past three months.

Maryland's unemployment rate rose to 6.9 percent in June from 6.7 percent in May. But the state's jobless rate remains better than the country as a whole, which has a rate of 8.2 percent.

The figures are adjusted to try to account for normal changes in hiring and layoffs by season.

Report: Maryland Poised to Lose 115,000 Jobs - The state of Maryland could have the fifth highest number of losses nationwide, according to analysis.

· By Brandie Jefferson

Maryland could lose as many as 115,000 jobs next year when automatic federal budget cuts go into effect, according to a study commissioned by theAerospace Industries Association (AIA).

Many of those losses could come from one of Howard County's largest employers—the John Hopkins University Applied Physics Lab.

“The Economic Impact of the Budget Control Act of 2011” predicts that the automatic cuts, known as the “sequestration” mandate, could lead to more than 2 million job losses nationwide.

The report’s author predicted that the national unemployment rate would rise to 9 percent, in a bleak introduction on Second to None, an AIA-funded website.

Report author Stephen Fuller, an economist at George Mason University, predicted the result would be a move toward recession, and a two-thirds reduction in projected growth in 2013.

“An already weak economy will be undercut as the paychecks of thousands of workers across the economy will be affected from teachers, nurses, construction workers to key federal employees such as border patrol and FBI agents, food inspectors and others.”

Fuller’s analysis concluded that in Maryland about 39,000 of the 115,000 job losses would be in the defense sector. Overall, the state of Maryland could have the fifth highest number of losses nationwide.

California would lose the most, according to Fuller, with about 225,000 jobs in danger of being cut.
According to ChooseMaryland.org, the state’s economic development arm, the largest employer in Howard County is the Johns Hopkins University Applied Physics Lab (APL), which lists its clients as “Primarily Department of Defense, Department of Homeland Security, NASA, and NSA sponsors, as well as R&D.”

APL employs about 4,700 people, according to Choose Maryland, more than twice the number of the next biggest employer, Verizon Wireless, which employs a little more than 2,000 people.

Nationwide, according to Fuller, most of the jobs lost in both the defense and non-defense sector would be in office and administrative support. Nearly 13 percent of defense-sector losses and 24.5 percent of non-defense-sector jobs nationwide are in danger, he said.

During a news conference, Fuller said his report presents “a stark accounting of what sequestration will cost off the top,” the Baltimore Business Journal reported.

“There are other consequences that will evolve and are already showing up.”