Overall unemployment rate moved down to 4.5% with the biggest shift in Government, which lost 700 roles, based on the most recently available information published in September 2021.
Total employment in the Hagerstown-Martinsburg, MD-WV market rose by 1,727 jobs in July and the unemployment rate decreased compared to the prior month by 80 bps to 4.5%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Hagerstown-Martinsburg, MD-WV unemployment rate is 116 bps below the national rate which is a positive sign.
- Unemployment in the market is 340 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 3.8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.6%. Key sectors include:
- Transportation & Utilities: 25,900; no change
- Government: 16,700; -700
- Education & Healthcare: 15,600; no change
- Manufacturing: 9,600; -100
- Restaurants & Hotels: 9,000; no change
- Business Services: 8,600; +100
- Financial Services: 5,300; +200
- Construction, Mining: 4,000; no change
- Other Jobs: 3,000; -100
- IT & Development: 1,600; no change
Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.