Employment Snapshot - Hagerstown-Martinsburg, MD-WV April-2022

Weller Emmons

VP of Analytics and Finance at Mployer Advisor. He is passionate about leveraging data to provide industry leading insights for Mployer Advisor’s clients. Prior to joining Mployer Advisor, Emmons served as a healthcare provider strategy consultant for Knowledge Capital Group and as an internal strategy consultant at HCA Healthcare. Emmons earned his MBA and BE in Biomedical Engineering, both from Vanderbilt University.

Market Employment Summary

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Overall unemployment rate moved down to 2.9% with the biggest shift in Transportation & Utilities, which lost 500 roles, based on the most recently available information published in June 2022.

Total employment in the Hagerstown-Martinsburg, MD-WV market declined by 269 jobs in April and the unemployment rate decreased compared to the prior month by 70 bps to 2.9%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.

Hagerstown-Martinsburg, MD-WV unemployment rate is 44 bps below the national rate which is a positive 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 April versus prior month by 5.8% and are equal compared to last year at this time in the market.

Month over Month Unemployment Change

Year over Year Unemployment Change

Hagerstown-Martinsburg, MD-WV Unemployment April 2022

For key employment segments of the market, total jobs declined by -0.1%. Key sectors include:

Transportation & Utilities: 26,300; -500
Government: 17,500; +100
Education & Healthcare: 15,400; -100
Business Services: 10,600; no change
Manufacturing: 10,000; +100
Restaurants & Hotels: 9,500; +200
Financial Services: 4,700; no change
Construction, Mining: 4,300; +100
Other Jobs: 2,900; +100
IT & Development: 1,600; -100

Employment Change by Key Sector

Hagerstown-Martinsburg, MD-WV Unemployment by Industry April 2022

Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.

Hagerstown-Martinsburg, MD-WV