Overall unemployment rate moved down to 2.8% with the biggest shift in Restaurants & Hotels, which gained 200 roles, based on the most recently available information published in May 2023.
Total employment in the Hagerstown-Martinsburg, MD-WV market rose by 1,187 jobs in March and the unemployment rate decreased compared to the prior month by 40 bps to 2.8%. The national unemployment rate decreased by 27 bps over the same time to 3.6%.
- Hagerstown-Martinsburg, MD-WV unemployment rate is 82 bps below the national rate which is a positive sign.
- Unemployment in the market is 40 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in March versus prior month by 6.6% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.1% . Key sectors include:
- Transportation & Utilities: 25,500; -100
- Government: 17,200; -100
- Education & Healthcare: 16,100; no change
- Manufacturing: 9,900; no change
- Restaurants & Hotels: 9,600; +200
- Business Services: 9,200; -100
- Financial Services: 4,900; no change
- Construction, Mining: 4,300; +100
- Other Jobs: 3,100; +100
- IT & Development: 1,600; no change
Data is based on the most recent 12 months available, through March 2023 (Data published May 2023 and reports created on May 9,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.