Overall unemployment rate moved down to 2.9% with the biggest shift in Transportation & Utilities, which gained 200 roles, based on the most recently available information published in February 2022.
Total employment in the Hagerstown-Martinsburg, MD-WV market rose by 778 jobs in December and the unemployment rate decreased compared to the prior month by 20 bps to 2.9%. The national unemployment rate decreased by 20 bps over the same time to 3.7%.
- Hagerstown-Martinsburg, MD-WV unemployment rate is 79 bps below the national rate which is a positive sign.
- Unemployment in the market is 270 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 2.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:
- Transportation & Utilities: 30,100; +200
- Government: 17,400; no change
- Education & Healthcare: 15,900; +100
- Manufacturing: 9,900; no change
- Business Services: 8,900; no change
- Restaurants & Hotels: 8,600; no change
- Financial Services: 5,200; +100
- Construction, Mining: 4,000; no change
- Other Jobs: 3,200; +100
- IT & Development: 1,600; 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.