Businessman and Economist Mike Rosenbaum Issues Statement on Maryland Job Losses
BALTIMORE, MD – Today, businessman and economist Mike Rosenbaum issued the following statement on news that Maryland lost 6,400 jobs in June, despite the United States gaining 850,000 over that period of time – the biggest month for jobs growth in 10 months. Maryland’s unemployment rate is currently 6.2% – higher than the national unemployment rate of 5.9%.
“The COVID pandemic took an already unbalanced economy and made it even more unequal for working people. In order to build an equitable post-COVID economy, we need to invest in a massive job training program, child care, and elder care to help encourage businesses to hire and to help jobseekers get the support they need to re-enter the workforce,” said Rosenbaum. “The fact that Maryland is struggling while other states across the country are rebounding shows just how far we have to go and why we need a Governor with proven job-creator and economic credentials. I am the only candidate in this race with a track record of building inclusive pathways for economic mobility, and that’s exactly what our state needs right now.”
Recently, Mike Rosenbaum has called on Governor Larry Hogan to work with federal officials and Maryland’s congressional delegation to reroute federal pandemic relief money toward direct aid and job training. Mike also released an op-ed on building an inclusive post-COVID economy that was featured in The AFRO.
About Mike Rosenbaum:
Mike’s career has been focused on dismantling the systems that unfairly put underserved rural and urban communities, women, and the working class at a disadvantage. Through his companies, Catalyte and Arena, Mike has successfully created opportunities for hundreds of thousands of workers to move into higher-paying careers. His work has helped to train fast-food workers, gas station attendants, and farmers to become some of the best software engineers and app developers in the world.