Overall unemployment rate moved up to 4.3% with the biggest shift in Restaurants & Hotels, which lost 3,500 roles, based on the most recently available information published in September 2022.

Total employment in the Baltimore-Columbia-Towson, MD market rose by 27 jobs in August and the unemployment rate increased compared to the prior month by 20 bps to 4.3%. The national unemployment rate stayed flat over the same time period at 3.8%.

  • Baltimore-Columbia-Towson, MD unemployment rate is 51 bps above the national rate which is a negative sign.
  • Unemployment in the market is 140 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) grew in August versus prior month by 0.6% and are down compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
Baltimore-Columbia-Towson, MD Unemployment August 2022

For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:

  • Education & Healthcare: 258,800; -1,300
  • Transportation & Utilities: 257,100; +1,400
  • Business Services: 255,800; +2,200
  • Government: 220,100; +800
  • Restaurants & Hotels: 135,400; -3,500
  • Construction, Mining: 85,700; +1,200
  • Financial Services: 78,200; +1,800
  • Manufacturing: 63,800; -100
  • Other Jobs: 51,000; +1,200
  • IT & Development: 17,100; +100
Baltimore-Columbia-Towson, MD Unemployment by Industry August 2022

Data is based on the most recent 12 months available, through August 2022 (Data published September 2022 and reports created on September 28, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.