Overall unemployment rate moved up to 3.5% with the biggest shift in Transportation & Utilities, which lost 2,400 roles, based on the most recently available information published in March 2022.
Total employment in the Hagerstown-Martinsburg, MD-WV market declined by 519 jobs in January and the unemployment rate increased compared to the prior month by 60 bps to 3.5%. The national unemployment rate increased by 74 bps over the same time to 4.4%.
- Hagerstown-Martinsburg, MD-WV unemployment rate is 93 bps below the national rate which is a positive sign.
- Unemployment in the market is 210 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in January versus prior month by 4.5% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -3.3%. Key sectors include:
- Transportation & Utilities: 27,100; -2,400
- Government: 17,100; -400
- Education & Healthcare: 15,300; -100
- Business Services: 10,900; -100
- Manufacturing: 10,000; -100
- Restaurants & Hotels: 9,000; -100
- Financial Services: 4,700; -100
- Construction, Mining: 4,100; -200
- Other Jobs: 2,800; no change
- IT & Development: 1,700; no change
Data is based on the most recent 12 months available, through January 2022 (Data published March 2022 and reports created on March 18, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.