The State's job growth continues to outperform the nation, with a job loss of 2.5% over the course of the past year, compared to 4.4% for the nation. On a seasonally adjusted basis, Maryland lost 12,000 nonfarm payroll jobs in August compared to July. In the 22 months since the recession began, only two months have seen more jobs lost in Maryland.
In spite of the significant August job losses, the State continues to outperform the nation and its most significant competitor states (Delaware, the District of Columbia, New Jersey, New York, North Carolina, Pennsylvania and Virginia) in aggregate in long-term job growth. [
Table 4] shows that during the past year, Maryland nonfarm employment fell by 2.5% in the past year, compared to 4.4% nationwide and 3.0% for the competitor states in aggregate. Maryland's 2.5% rate of overall employment loss ranks the State 10th among the 50 states and the District of Columbia. The industrial sectors where the State outperformed by the most substantial margin were Professional and Business Services, Manufacturing, Educational & Health Care & Social Assistance services and Government.