Employment Snapshot - Hagerstown-Martinsburg, MD-WV April-2023

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 2.5% with the biggest shift in Business Services, which gained 200 roles, based on the most recently available information published in June 2023.

Total employment in the Hagerstown-Martinsburg, MD-WV market declined by 517 jobs in April and the unemployment rate decreased compared to the prior month by 30 bps to 2.5%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.

Hagerstown-Martinsburg, MD-WV unemployment rate is 60 bps below the national rate which is a positive sign.
Unemployment in the market is 20 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 5.5% and are down 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 2023

For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:

Transportation & Utilities: 25,400; -100
Government: 17,300; +100
Education & Healthcare: 16,200; +100
Manufacturing: 9,900; -100
Restaurants & Hotels: 9,700; +100
Business Services: 9,400; +200
Financial Services: 4,800; -100
Construction, Mining: 4,300; no change
Other Jobs: 3,100; no change
IT & Development: 1,700; +100

Employment Change by Key Sector

Hagerstown-Martinsburg, MD-WV Unemployment by Industry April 2023

Data is based on the most recent 12 months available, through April 2023 (Data published June 2023 and reports created on June 8,2023). Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.

Hagerstown-Martinsburg, MD-WV