Overall unemployment rate moved down to 3.2% with the biggest shift in Transportation & Utilities, which gained 700 roles, based on the most recently available information published in January 2022.
Total employment in the Hagerstown-Martinsburg, MD-WV market declined by 1,436 jobs in November and the unemployment rate decreased compared to the prior month by 20 bps to 3.2%. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- Hagerstown-Martinsburg, MD-WV unemployment rate is 16 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 November versus prior month by 8.4% and are equal compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 2.5% . Key sectors include:
- Transportation & Utilities: 27,600; +700
- Government: 18,200; +400
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.