- The most recent jobs report showed that in March 2022, Maryland gained a total of 3,900 Total Nonfarm jobs.
- The official unemployment rate for Maryland decreased to 4.6 percent.
According to the most recent report from the Bureau of Labor Statistics (BLS), Maryland gained a total of 3,900 Total Nonfarm jobs in March 2022. This was the result of a gain of 5,400 Total Private jobs and a loss of 1,500 Total Government positions. In addition, the unemployment rate decreased to 4.6 percent in March.
Between February and March, the largest subsector gain was seen in Accommodation and Food Services, with an increase of 2,200 jobs. This was followed by a gain of 1,700 jobs in Construction and a gain of 1,200 jobs in Professional, Scientific, and Technical Services.The most significant losses over the month occurred in Administrative and Support and Waste Management and Remediation Services, which dropped by 1,100 jobs, and in Local Government, which declined by 900 positions.
Maryland’s job growth between February and March was on par with other states in the country, ranking 26th out of the 50 states and Washington, DC. Regionally, Maryland’s job growth was slower than Delaware and Pennsylvania’s, but faster than job growth in DC and Virginia. Maryland’s unemployment rate ranks 42nd nationally. Within the region, Maryland’s unemployment rate is lower than Pennsylvania and DC, higher than Virginia, and roughly equal (within 0.1 percentage points) to Delaware.
Between issues with the supply chain, rampant inflation, poor overall growth, and the ongoing effects of both the COVID-19 pandemic and war in Ukraine, Maryland’s immediate economic future remains uncertain. With the situation evolving quickly, stay tuned for more updates on how employment is changing across Maryland, the region, and the country.