Overall unemployment rate moved down to 4.3% with the biggest shift in Government, which lost 200 roles, based on the most recently available information published in September 2021.
Total employment in the Hagerstown-Martinsburg, MD-WV market declined by 1,744 jobs in August and the unemployment rate decreased compared to the prior month by 30 bps to 4.3%. The national unemployment rate decreased by 38 bps over the same time to 5.3%.
- Hagerstown-Martinsburg, MD-WV unemployment rate is 99 bps below the national rate which is a positive sign.
- Unemployment in the market is 300 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 2.6% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.1%. Key sectors include:
- Transportation & Utilities: 25,700; -100
- Government: 16,600; -200
- Education & Healthcare: 15,600; no change
- Manufacturing: 9,700; +100
- Restaurants & Hotels: 9,000; no change
- Business Services: 8,600; +100
- Financial Services: 5,300; no change
- Construction, Mining: 3,900; -100
- Other Jobs: 3,100; +100
- IT & Development: 1,600; no change
Data is based on the most recent 12 months available, through August 2021 (Data published September 2021 and reports created on September 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.