Overall unemployment rate moved down to 3.0% with the biggest shift in Transportation & Utilities, which gained 1,400 roles, based on the most recently available information published in December 2021.
Total employment in the Hagerstown-Martinsburg, MD-WV market rose by 929 jobs in November and the unemployment rate decreased compared to the prior month by 50 bps to 3.0%. The national unemployment rate decreased by 37 bps over the same time to 3.9%.
- Hagerstown-Martinsburg, MD-WV unemployment rate is 89 bps below the national rate which is a positive sign.
- Unemployment in the market is 230 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in November versus prior month by -1.0% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.6% . Key sectors include:
- Transportation & Utilities: 29,900; +1,400
- Government: 17,400; +100
- Education & Healthcare: 15,900; no change
- Manufacturing: 9,900; +100
- Business Services: 8,900; +200
- Restaurants & Hotels: 8,500; -100
- Financial Services: 5,000; -200
- Construction, Mining: 4,100; +100
- Other Jobs: 3,100; no change
- IT & Development: 1,600; no change
Data is based on the most recent 12 months available, through November 2021 (Data published December 2021 and reports created on January 6, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.