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March 31, 2008

No recession here, Maryland help-wanted ads suggest

Although online help-wanted ads fell nationally in March compared with those of March 2007, in Maryland the picture looks much better. Online Maryland employment ads rose 15 percent for the period, suggesting that local companies are willing to hire and that the state is avoiding recession. The figures are from the Conference Board.

Maryland's results contrast with those in states such as California (online help-wanted ads down 17 percent), Florida (down 10 percent) and Oregon (down 25 percent.) Maryland has the fifth-highest demand for labor in the United States, says the economic research organization. And because of its low unemployment rate, Maryland had the lowest imbalance in the country between available positions and the number of people seeking work.

Posted by Jay Hancock at 11:03 AM | | Comments (0)
        

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About Jay Hancock
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Wednesdays and Fridays.
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