Overall unemployment rate moved up to 2.9% with the biggest shift in Government, which gained 200 roles, based on the most recently available information published in April 2023.
Total employment in the California-Lexington Park, MD market rose by 601 jobs in February and the unemployment rate increased compared to the prior month by 10 bps to 2.9%. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- California-Lexington Park, MD unemployment rate is 99 bps below the national rate which is a positive 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 February versus prior month by 6.3% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.3% . Key sectors include:
- Government: 15,700; +200
Data is based on the most recent 12 months available, through February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.