Overall unemployment rate moved up to 4.4% , based on the most recently available information published in September 2022.
Total employment in the California-Lexington Park, MD market declined by 372 jobs in August and the unemployment rate increased compared to the prior month by 30 bps to 4.4%. The national unemployment rate stayed flat over the same time period at 3.8%.
- California-Lexington Park, MD unemployment rate is 61 bps above the national rate which is a negative sign.
- Unemployment in the market is 80 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 9.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Government: 15,500; no change
Data is based on the most recent 12 months available, through August 2022 (Data published September 2022 and reports created on September 28, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.