Montgomery County’s Unemployment Rate Drops to Lowest Point in Seven Years
Montgomery tied Howard County for lowest April unemployment rates in Maryland
Montgomery County Executive Isiah Leggett
Montgomery County’s unemployment rate for April 2015 was 3.7 percent, the first time the number has fallen below 4 percent since December 2008 and the lowest it has been since almost a year into the Great Recession.
The April numbers, which the Maryland Department of Labor, Licensing and Regulation released last week, had Montgomery County tied with neighbor Howard County for lowest unemployment rate of the state’s 23 counties and Baltimore City.
The county said the last time its unemployment rate was as low as 3.7 percent was in October and November 2008.
“While the county is doing a good job given the worst economic conditions in decades, we can do better. We must do better,” County Executive Ike Leggett said, according to a county press release.
“We must be more attuned to business trends and needs. We must be more flexible in our approach,” Leggett continued, in a nod to his recently proposed Independent Economic Development Authority.
The county’s unemployment rate ballooned to 5.4 percent in February 2009—in the peak of the Great Recession—and hit a high of 6.3 percent in January 2010, according to the state.
The April 2015 unemployment rate for the state was 4.9 percent, down from 5.4 percent in March 2015.