Overall unemployment rate moved up to 3.6% with the biggest shift in Restaurants & Hotels, which gained 8,900 roles, based on the most recently available information published in June 2022.

Total employment in the Baltimore-Columbia-Towson, MD market declined by 2,796 jobs in May and the unemployment rate increased compared to the prior month by 30 bps to 3.6%. The national unemployment rate increased by 4 bps over the same time to 3.4%.

  • Baltimore-Columbia-Towson, MD unemployment rate is 22 bps above the national rate which is a negative sign.
  • Unemployment in the market is 210 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) grew in May versus prior month by 0.7% 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 May 2022

For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:

  • Education & Healthcare: 262,000; -200
  • Transportation & Utilities: 257,200; +1,900
  • Business Services: 250,700; -2,600
  • Government: 228,200; +700
  • Restaurants & Hotels: 132,200; +8,900
  • Construction, Mining: 82,100; +900
  • Financial Services: 76,500; +700
  • Manufacturing: 61,600; +500
  • Other Jobs: 48,500; -300
  • IT & Development: 16,800; no change
Baltimore-Columbia-Towson, MD Unemployment by Industry May 2022

Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.