April 20, 2010

Maryland's job growth soars in March

Maryland's diverse economy, highly educated work force and financial stability are key factors behind the state posting the nation's largest job gain in March, Christian Johansson, secretary of the Maryland Department of Business and Economic Development, said Monday. The state added 35,800 jobs last month, according to federal figures. It was the largest one-month gain in Maryland since 1970 and the second greatest since 1939, Johansson said. The upswing reversed a 19-month negative trend.

"While one record-setting month does not constitute a trend, we remain optimistic that Maryland is beginning to rebound from the recession," Johansson said.

Industries across the board showed gains last month, even in sectors that have declined significantly over the past year, such as construction and manufacturing. The only sector that declined was real estate. Among the state's wins this month is French energy company EDF International's selection of Chevy Chase for its new North American headquarters. EDF signed a 10-year lease for 16,000 square feet at 5404 Wisconsin Ave. and will have about 25 employees there. The company is moving from Washington, D.C. SOURCE: Gazette

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