Overall unemployment rate moved up to 4.5% , based on the most recently available information published in August 2022.
Total employment in the California-Lexington Park, MD market rose by 488 jobs in June and the unemployment rate increased compared to the prior month by 120 bps to 4.5%. The national unemployment rate increased by 46 bps over the same time to 3.8%.
- California-Lexington Park, MD unemployment rate is 66 bps above the national rate which is a negative sign.
- Unemployment in the market is 90 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in June versus prior month by 8.2% 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: 15,800; no change
Data is based on the most recent 12 months available, through June 2022 (Data published August 2022 and reports created on August 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.