Overall unemployment rate moved up to 3.1% with the biggest shift in Government, which gained 400 roles, based on the most recently available information published in June 2022.
Total employment in the Hagerstown-Martinsburg, MD-WV market rose by 312 jobs in May and the unemployment rate increased compared to the prior month by 30 bps to 3.1%. The national unemployment rate increased by 4 bps over the same time to 3.4%.
- Hagerstown-Martinsburg, MD-WV unemployment rate is 28 bps below the national rate which is a positive sign.
- Unemployment in the market is 160 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 7.8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Transportation & Utilities: 26,300; no change
- Government: 17,900; +400
- Education & Healthcare: 15,500; no change
- Business Services: 10,400; -200
- Manufacturing: 10,000; no change
- Restaurants & Hotels: 9,800; +300
- Financial Services: 4,700; no change
- Construction, Mining: 4,300; no change
- Other Jobs: 2,800; -100
- IT & Development: 1,600; no change
Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.