Overall unemployment rate stayed flat at 3.2% with the biggest shift in Transportation & Utilities, which lost 400 roles, based on the most recently available information published in April 2023.
Total employment in the Hagerstown-Martinsburg, MD-WV market rose by 321 jobs in February and the unemployment rate stayed flat. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- Hagerstown-Martinsburg, MD-WV unemployment rate is 69 bps below the national rate which is a positive sign.
- Unemployment in the market is 50 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 8.6% 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:
- Transportation & Utilities: 25,700; -400
- Government: 17,300; +200
- Education & Healthcare: 16,100; +200
- Manufacturing: 9,900; no change
- Restaurants & Hotels: 9,400; no change
- Business Services: 9,300; -100
- Financial Services: 4,900; no change
- Construction, Mining: 4,200; no change
- Other Jobs: 3,100; +100
- IT & Development: 1,600; no change
Data is based on the most recent 12 months available, through February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.