ANNAPOLIS, MD (June 17, 2011) – Governor Martin O’Malley issued the following statement today regarding the U.S. Department of Labor jobs report for May:
“While May was a tough month for job creation in Maryland, other trends suggest that we continue to move in the right direction. On the year, Maryland has achieved the largest reduction in unemployment in nearly three decades. For 26 straight months, we have successfully reduced or held our unemployment rate steady. Today, it is 25% lower than the national unemployment rate and 26,000 more Marylanders have jobs than did in January.
“Maryland is better positioned for job growth because of the tough choices we have made together. Choices to cut $6.8 billion in state spending and defend our Triple A bond rating; choices to make record investments in our #1 ranked public schools; and choices that have led the U.S. Chamber of Commerce, Milken Institute, and the Kauffman Index to rank Maryland in the top two or three among the 50 states for innovation, entrepreneurship, science and our ability to win in this new economy.
“The most important job to create is the next one.”