Employment Snapshot - Baltimore-Columbia-Towson, MD July-2022

Weller Emmons

VP of Analytics and Finance at Mployer Advisor. He is passionate about leveraging data to provide industry leading insights for Mployer Advisor’s clients. Prior to joining Mployer Advisor, Emmons served as a healthcare provider strategy consultant for Knowledge Capital Group and as an internal strategy consultant at HCA Healthcare. Emmons earned his MBA and BE in Biomedical Engineering, both from Vanderbilt University.

Market Employment Summary

Explore unemployment data from Mployer Advisor. Our visual, interactive tools let you sort and customize data to easily find the information you need.

Use the Tool

Additional Benchmarking Resources

In addition to unemployment information, Mployer Advisor offers the following resources for employers and HR professionals:

> Link to salary benchmarking tool > Link to insurance broker commission calculator

Overall unemployment rate moved down to 4.1% with the biggest shift in Transportation & Utilities, which lost 2,600 roles, based on the most recently available information published in August 2022.

Total employment in the Baltimore-Columbia-Towson, MD market rose by 3,584 jobs in July and the unemployment rate decreased compared to the prior month by 50 bps to 4.1%. The national unemployment rate decreased by 5 bps over the same time to 3.8%.

Baltimore-Columbia-Towson, MD unemployment rate is 32 bps above the national rate which is a negative sign.
Unemployment in the market is 150 bps below the unemployment rate in the market last year at this time, which is a positive.
Average wages (per hour) grew in July versus prior month by 2.1% and are up 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 July 2022

For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:

Education & Healthcare: 260,000; +500
Transportation & Utilities: 254,500; -2,600
Business Services: 253,900; +1,700
Government: 219,300; -1,400
Restaurants & Hotels: 139,600; +1,400
Construction, Mining: 84,800; +2,400
Financial Services: 76,900; -500
Manufacturing: 63,400; +1,100
Other Jobs: 49,800; -200
IT & Development: 17,000; no change

Employment Change by Key Sector

Baltimore-Columbia-Towson, MD Unemployment by Industry July 2022

Data is based on the most recent 12 months available, through July 2022 (Data published August 2022 and reports created on September 2, 2022). Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.

Baltimore-Columbia-Towson, MD