Overall unemployment rate moved down to 3.7% with the biggest shift in Government, which gained 7,400 roles, based on the most recently available information published in November 2022.

Total employment in the Baltimore-Columbia-Towson, MD market declined by 12,318 jobs in September and the unemployment rate decreased compared to the prior month by 60 bps to 3.7%. The national unemployment rate decreased by 47 bps over the same time to 3.3%.

  • Baltimore-Columbia-Towson, MD unemployment rate is 38 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 September versus prior month by 0.8% 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 September 2022

For key employment segments of the market, total jobs declined by -0.1%. Key sectors include:

  • Education & Healthcare: 261,900; +1,900
  • Transportation & Utilities: 258,600; +2,400
  • Business Services: 252,900; -3,500
  • Government: 227,500; +7,400
  • Restaurants & Hotels: 129,200; -6,300
  • Construction, Mining: 84,000; -1,300
  • Financial Services: 76,800; -800
  • Manufacturing: 63,600; -400
  • Other Jobs: 50,000; -1,100
  • IT & Development: 17,300; +300
Baltimore-Columbia-Towson, MD Unemployment by Industry September 2022

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

Note: All reported data is not seasonally adjusted.