• The most recent jobs report showed that in November 2022, Maryland gained a total of 1,400 Total Nonfarm jobs.
  • The official unemployment rate for Maryland decreased to 4.3 percent.

According to the most recent report from the Bureau of Labor Statistics (BLS), Maryland gained a total of 1,400 Total Nonfarm jobs in November 2022. This was the result of a gain of 1,400 Total Government jobs, as the number of Total Private jobs did not change over the month. In addition, the unemployment rate decreased to 4.3 percent in November.

Between October and November, the largest subsector gain was seen in Finance and Insurance, with an increase of 1,800 jobs. This was followed by Transportation, Warehousing, and Utilities, which added 1,600 jobs, and Local Government, which increased by 1,400 positions. The most significant losses were seen in Retail Trade and in Administrative and Support and Waste Management and Remediation Services, each of which lost 1,800 jobs over the month.

Following this month’s jobs report, Maryland rose to 43th among all states in unemployment rate, an improvement which still leaves Maryland behind most other states. Maryland remains ahead of the District of Columbia, which ranked 49th, but lags behind all of Maryland’s other regional neighbors. Maryland’s job growth was 38th among all states between October and November with regards to the percentage of total jobs. In this metric, Maryland had stronger growth than Delaware but was slower than all other regional states.

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.