Overall unemployment rate moved down to 3.5% with the biggest shift in Transportation & Utilities, which gained 2,400 roles, based on the most recently available information published in December 2021.
Total employment in the Hagerstown-Martinsburg, MD-WV market rose by 2,010 jobs in October and the unemployment rate decreased compared to the prior month by 30 bps to 3.5%. The national unemployment rate decreased by 30 bps over the same time to 4.3%.
- Hagerstown-Martinsburg, MD-WV unemployment rate is 76 bps below the national rate which is a positive sign.
- Unemployment in the market is 170 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in October versus prior month by 2.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 2.8% . Key sectors include:
- Transportation & Utilities: 28,500; +2,400
- Government: 17,300; +100
- Education & Healthcare: 15,800; no change
- Manufacturing: 9,800; +100
- Restaurants & Hotels: 8,700; -100
- Business Services: 8,700; +200
- Financial Services: 5,200; no change
- Construction, Mining: 4,000; no change
- Other Jobs: 3,100; +100
- IT & Development: 1,600; no change
Data is based on the most recent 12 months available, through October 2021 (Data published December 2021 and reports created on December 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.