Overall unemployment rate moved down to 4.2% with the biggest shift in Restaurants & Hotels, which gained 2,600 roles, based on the most recently available information published in August 2022.
Total employment in the Salisbury, MD-DE market rose by 2,383 jobs in July and the unemployment rate decreased compared to the prior month by 40 bps to 4.2%. The national unemployment rate decreased by 5 bps over the same time to 3.8%.
- Salisbury, MD-DE unemployment rate is 42 bps above the national rate which is a negative sign.
- Unemployment in the market is 110 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 4.9% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.9% . Key sectors include:
- Restaurants & Hotels: 37,600; +2,600
- Transportation & Utilities: 33,400; no change
- Education & Healthcare: 26,000; -500
- Government: 23,700; -1,200
- Business Services: 17,900; +300
- Manufacturing: 13,700; no change
- Construction, Mining: 10,300; +300
- Financial Services: 6,800; +100
- Other Jobs: 5,800; no change
- IT & Development: 1,200; no change
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.