Overall unemployment rate moved down to 3.2% with the biggest shift in Government, which gained 800 roles, based on the most recently available information published in November 2022.
Total employment in the Hagerstown-Martinsburg, MD-WV market declined by 21 jobs in September and the unemployment rate decreased compared to the prior month by 70 bps to 3.2%. The national unemployment rate decreased by 47 bps over the same time to 3.3%.
- Hagerstown-Martinsburg, MD-WV unemployment rate is 12 bps below the national rate which is a positive sign.
- Unemployment in the market is 90 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in September versus prior month by 7.5% 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: 17,700; +800
- Education & Healthcare: 15,800; -100
- Business Services: 10,900; -200
- Manufacturing: 10,200; no change
- Restaurants & Hotels: 10,000; -100
- Financial Services: 4,700; -100
- Construction, Mining: 4,400; +100
Data is based on the most recent 12 months available, through September 2022 (Data published November 2022 and reports created on November 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.