- The most recent jobs report showed that in September 2022, Maryland gained a total of 5,300 Total Nonfarm jobs.
- The official unemployment rate for Maryland decreased to 4.0 percent.
According to the most recent report from the Bureau of Labor Statistics (BLS), Maryland gained a total of 5,300 Total Nonfarm jobs in September 2022. This was the result of an increase of 3,200 Total Private jobs, added to a gain of 2,100 Total Government positions. In addition, the unemployment rate decreased to 4.0 percent in September.
Between August and September, the largest subsector gain was seen in Accommodation and Food Services, with an increase of 2,600 jobs. This was followed by Educational Services, which added 1,900 positions over the month. The most significant losses were seen in Health Care and Social Assistance, which decreased by 1,800 jobs, and Finance and Insurance, with a loss of 1,300 jobs.
Nationally, Maryland tied for 38th among all states in unemployment rate, with four other states reporting the same unemployment rate in September. However, Maryland remains on pace with most of its’ mid-Atlantic neighbors, with only Virginia reporting a lower unemployment rate. Maryland’s job growth fell to the middle of the pack nationally, ranking 29th among all states in percentage job growth between August and September.
Between continued inflation, increasing interest rates, 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.