Overall unemployment rate moved up to 5.3% with the biggest shift in Restaurants & Hotels, which gained 300 roles, based on the most recently available information published in July 2021.
Total employment in the Hagerstown-Martinsburg, MD-WV market rose by 962 jobs in June and the unemployment rate increased compared to the prior month by 70 bps to 5.3%. The national unemployment rate increased by 60 bps over the same time to 6.1%.
- Hagerstown-Martinsburg, MD-WV unemployment rate is 79 bps below the national rate which is a positive sign.
- Unemployment in the market is 310 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in June versus prior month by -7.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Transportation & Utilities: 25,900; +200
- Government: 17,300; no change
- Education & Healthcare: 15,600; no change
- Manufacturing: 9,700; +200
- Restaurants & Hotels: 9,000; +300
- Business Services: 8,400; -300
- Financial Services: 5,100; no change
- Construction, Mining: 4,000; +100
- Other Jobs: 3,000; +100
- IT & Development: 1,600; no change
Data is based on the most recent 12 months available, through June 2021 (Data published July 2021 and reports created on July 28, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.