Employment Snapshot - Hagerstown-Martinsburg, MD-WV July-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 3.7% with the biggest shift in Government, which lost 1,300 roles, based on the most recently available information published in August 2022.

Total employment in the Hagerstown-Martinsburg, MD-WV market rose by 21 jobs in July and the unemployment rate decreased compared to the prior month by 40 bps to 3.7%. The national unemployment rate decreased by 5 bps over the same time to 3.8%.

Hagerstown-Martinsburg, MD-WV unemployment rate is 8 bps below the national rate which is a positive sign.
Unemployment in the market is 120 bps below the unemployment rate in the market last year at this time, which is a positive.
Average wages (per hour) grew in July versus prior month by 8.8% and are up 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 July 2022

For key employment segments of the market, total jobs declined by -0.5%. Key sectors include:

Transportation & Utilities: 26,300; -200
Government: 16,300; -1,300
Education & Healthcare: 15,600; +100
Business Services: 11,400; +700
Manufacturing: 10,200; +100
Restaurants & Hotels: 10,100; no change
Financial Services: 4,800; no change
Construction, Mining: 4,400; +100
Other Jobs: 2,900; no change
IT & Development: 1,600; no change

Employment Change by Key Sector

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

Data is based on the most recent 12 months available, through July 2022 (Data published August 2022 and reports created on September 2, 2022). Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.

Hagerstown-Martinsburg, MD-WV