July 10, 2014
Rockville Rocks Low Unemployment Rate
Located only 12 miles outside Washington, DC and home to thousands of businesses, it is no surprise the City of Rockville is a hot spot for economic growth. Where there is growth, there are jobs and this is surely represented through new information released on June 27, 2014 by the Maryland Workforce Exchange (MWE).
MWE is a labor market information system that contains data on wages, jobs, careers, training, employment, unemployment, and more.
Data from the MWE Maryland Monthly Labor Review show Rockville has the lowest unemployment rate in April among selected Maryland cities at 3.9%. Rockville also had the lowest unemployment rate in May at 4.5%, tied with Gaithersburg.
As a whole Montgomery County has the second lowest unemployment rate at 4.5%, only behind Howard County with 4.4%. Unemployment rates are especially low along the I-270 corridor, which sits next to successful cities like Rockville, Gaithersburg and Frederick.
With its low unemployment rate that continues to stimulate the local economy, it is no wonder why Rockville remains a centralized East Coast presence and an attractive place for new and old businesses alike. Businesses and entrepreneurs are always welcome to contact REDI to learn more about Rockville, Maryland and how it can be a successful location for any business.