Overall unemployment rate moved down to 5.4% with the biggest shift in Transportation & Utilities, which lost 1,300 roles, based on the most recently available information published in April 2021.
Total employment in the Hagerstown-Martinsburg, MD-WV market declined by 1,307 jobs in February and the unemployment rate decreased compared to the prior month by 20 bps to 5.4%. The national unemployment rate decreased by 26 bps over the same time to 6.6%.
- Hagerstown-Martinsburg, MD-WV unemployment rate is 115 bps below the national rate which is a positive sign.
- Unemployment in the market is 160 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in February versus prior month by 5.4% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -2.0%. Key sectors include:
- Transportation & Utilities: 25,700; -1,300
- Government: 16,400; no change
- Education & Healthcare: 15,500; +100
- Manufacturing: 9,000; no change
- Business Services: 8,700; -600
- Restaurants & Hotels: 7,900; +100
- Financial Services: 5,100; -100
- Construction, Mining: 3,500; -200
- Other Jobs: 2,600; no change
- IT & Development: 1,600; no change
Data is based on the most recent 12 months available, through February 2021 (Data published April 2021 and reports created on April 9, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.