Overall unemployment rate moved down to 4.2% with the biggest shift in Restaurants & Hotels, which gained 5,800 roles, based on the most recently available information published in April 2022.

Total employment in the Baltimore-Columbia-Towson, MD market rose by 19,249 jobs in March and the unemployment rate decreased compared to the prior month by 10 bps to 4.2%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.

  • Baltimore-Columbia-Towson, MD unemployment rate is 45 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 March versus prior month by 3.8% 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 March 2022

For key employment segments of the market, total jobs grew by 1.0% . Key sectors include:

  • Education & Healthcare: 262,600; +1,000
  • Transportation & Utilities: 255,600; +1,100
  • Business Services: 248,000; +2,900
  • Government: 226,500; +1,000
  • Restaurants & Hotels: 122,600; +5,800
  • Construction, Mining: 80,700; +1,400
  • Financial Services: 75,700; +100
  • Manufacturing: 59,600; +300
  • Other Jobs: 47,000; -100
  • IT & Development: 17,100; -100
Baltimore-Columbia-Towson, MD Unemployment by Industry March 2022

Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.