Overall unemployment rate moved up to 3.7% with the biggest shift in Government, which gained 100 roles, based on the most recently available information published in December 2022.
Total employment in the California-Lexington Park, MD market rose by 201 jobs in October and the unemployment rate increased compared to the prior month by 30 bps to 3.7%. The national unemployment rate increased by 8 bps over the same time to 3.4%.
- California-Lexington Park, MD unemployment rate is 30 bps above the national rate which is a negative sign.
- Unemployment in the market is 60 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in October versus prior month by 6.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Government: 15,800; +100
Data is based on the most recent 12 months available, through October 2022 (Data published December 2022 and reports created on December 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.