Overall unemployment rate moved down to 3.3% , based on the most recently available information published in February 2022.
Total employment in the California-Lexington Park, MD market rose by 345 jobs in December and the unemployment rate decreased compared to the prior month by 30 bps to 3.3%. The national unemployment rate decreased by 20 bps over the same time to 3.7%.
- California-Lexington Park, MD unemployment rate is 39 bps below the national rate which is a positive sign.
- Unemployment in the market is 130 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in December versus prior month by 0.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Government: 15,700; no change
Data is based on the most recent 12 months available, through December 2021 (Data published February 2022 and reports created on February 4, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.