Overall unemployment rate moved down to 5.3% with the biggest shift in Government, which gained 400 roles, based on the most recently available information published in April 2022.
Total employment in the Cumberland, MD-WV market rose by 387 jobs in February and the unemployment rate decreased compared to the prior month by 10 bps to 5.3%. The national unemployment rate decreased by 28 bps over the same time to 4.1%.
- Cumberland, MD-WV unemployment rate is 116 bps above the national rate which is a negative sign.
- Unemployment in the market is 170 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 0.9% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 5.2% . Key sectors include:
- Government: 8,100; +400
Data is based on the most recent 12 months available, through February 2022 (Data published April 2022 and reports created on April 6, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.