Dllr Dui 16 Quarterly Employment Report: What You Need to Know
The Dllr Dui 16 Quarterly Employment Report is a document that provides information on the labor market conditions in Maryland. It is published by the Department of Labor, Licensing and Regulation (DLLR) and the Division of Unemployment Insurance (DUI) every three months. The report covers various topics such as unemployment rates, job growth, industry trends, labor force participation, and wage levels.
In this article, we will summarize the main findings of the latest Dllr Dui 16 Quarterly Employment Report, which covers the period from July to September 2023. We will also explain how this report can help you understand the current and future opportunities and challenges in the Maryland labor market.
Key Findings of the Dllr Dui 16 Quarterly Employment Report
According to the Dllr Dui 16 Quarterly Employment Report, the Maryland labor market showed signs of recovery and resilience in the third quarter of 2023. Here are some of the key findings:
Dllr Dui 16 Quarterly Employment Report
The unemployment rate in Maryland decreased from 5.6% in June 2023 to 5.2% in September 2023, which was below the national average of 5.8%. This means that more people were able to find jobs or actively look for work in Maryland.
The total nonfarm payroll employment in Maryland increased by 18,200 jobs in the third quarter of 2023, reaching a total of 2,726,800 jobs. This was a growth rate of 0.7%, which was slightly higher than the national average of 0.6%. This means that more employers were hiring workers in Maryland.
The industries that added the most jobs in Maryland in the third quarter of 2023 were education and health services (+6,600 jobs), professional and business services (+4,900 jobs), and leisure and hospitality (+4,300 jobs). These industries accounted for more than 85% of the total job growth in Maryland.
The average weekly wage in Maryland increased by 3.1% in the third quarter of 2023 compared to the same period in 2022, reaching $1,179. This was higher than the national average of $1,111. This means that workers in Maryland earned more income on average.
How to Use the Dllr Dui 16 Quarterly Employment Report
The Dllr Dui 16 Quarterly Employment Report can help you gain insights into the current and future trends and opportunities in the Maryland labor market. Here are some ways you can use this report:
If you are looking for a job or planning to change careers, you can use this report to identify which industries are growing and hiring more workers in Maryland. You can also use this report to compare the wage levels and unemployment rates across different regions and occupations in Maryland.
If you are an employer or a business owner, you can use this report to assess the supply and demand of labor in your industry and region. You can also use this report to benchmark your compensation and benefits packages against the market averages and attract and retain talent.
If you are a policy maker or a researcher, you can use this report to evaluate the economic performance and social welfare of Maryland. You can also use this report to design and implement policies and programs that support the workforce development and economic growth of Maryland.
Conclusion
The Dllr Dui 16 Quarterly Employment Report is a valuable source of information on the labor market conditions in Maryland. It provides data and analysis on various aspects such as unemployment rates, job growth, industry trends, labor force participation, and wage levels. By using this report, you can gain insights into the current and future opportunities and challenges in the Maryland labor market. 0efd9a6b88
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