Overall unemployment rate moved down to 4.6% with the biggest shift in Transportation & Utilities, which gained 300 roles, based on the most recently available information published in June 2021.
Total employment in the Hagerstown-Martinsburg, MD-WV market rose by 902 jobs in May and the unemployment rate decreased compared to the prior month by 10 bps to 4.6%. The national unemployment rate decreased by 25 bps over the same time to 5.5%.
- Hagerstown-Martinsburg, MD-WV unemployment rate is 90 bps below the national rate which is a positive sign.
- Unemployment in the market is 540 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in May versus prior month by -2.1% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.4% . Key sectors include:
- Transportation & Utilities: 25,700; +300
- Government: 17,300; +200
- Education & Healthcare: 15,600; no change
- Manufacturing: 9,600; +300
- Business Services: 8,800; +200
- Restaurants & Hotels: 8,700; +300
- Financial Services: 5,100; no change
- Construction, Mining: 3,900; no change
- Other Jobs: 2,900; +100
- IT & Development: 1,600; no change
Data is based on the most recent 12 months available, through May 2021 (Data published June 2021 and reports created on June 30, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.