Overall unemployment rate moved down to 5.0% with the biggest shift in Government, which gained 500 roles, based on the most recently available information published in April 2021.
Total employment in the Hagerstown-Martinsburg, MD-WV market rose by 453 jobs in March and the unemployment rate decreased compared to the prior month by 40 bps to 5.0%. The national unemployment rate decreased by 38 bps over the same time to 6.2%.
- Hagerstown-Martinsburg, MD-WV unemployment rate is 118 bps below the national rate which is a positive sign.
- Unemployment in the market is 90 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in March versus prior month by 1.6% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.1% . Key sectors include:
- Transportation & Utilities: 25,500; -100
- Government: 17,000; +500
- Education & Healthcare: 15,600; +100
- Manufacturing: 9,100; +100
- Business Services: 8,600; -200
- Restaurants & Hotels: 8,100; +200
- Financial Services: 5,100; no change
- Construction, Mining: 3,800; +300
- Other Jobs: 2,800; +200
- IT & Development: 1,600; no change
Data is based on the most recent 12 months available, through March 2021 (Data published April 2021 and reports created on April 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.