Overall unemployment rate moved up to 3.2% with the biggest shift in Transportation & Utilities, which lost 1,300 roles, based on the most recently available information published in March 2023.
Total employment in the Hagerstown-Martinsburg, MD-WV market declined by 2,216 jobs in January and the unemployment rate increased compared to the prior month by 30 bps to 3.2%. The national unemployment rate increased by 60 bps over the same time to 3.9%.
- Hagerstown-Martinsburg, MD-WV unemployment rate is 66 bps below the national rate which is a positive sign.
- Unemployment in the market is 30 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 4.4% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -2.3%. Key sectors include:
- Transportation & Utilities: 26,200; -1,300
- Government: 17,100; -200
- Education & Healthcare: 15,900; no change
- Business Services: 10,300; -300
- Manufacturing: 9,900; -200
- Restaurants & Hotels: 9,400; -200
- Financial Services: 4,900; -100
- Construction, Mining: 4,200; -100
- Other Jobs: 3,000; no change
- IT & Development: 1,600; no change
Data is based on the most recent 12 months available, through January 2023 (Data published March 2023 and reports created on March 17, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.