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
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.