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Maryland

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Maryland payroll employment increased by 7,800 jobs (0.3 percent) in April. The unemployment rate has risen 0.1 percentage point from March to 2.6 percent.

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Labor market icon showing three people Labor Market Conditions

  • "Maryland's overall job growth accelerated in April on the back of gains in leisure and hospitality and government. However, the state's job growth remains muted on a year-over-year basis. Continued hiring in education, health services, and government helped offset losses across several other sectors. The state's unemployment rate remains one of the lowest in the nation." — Adam Scavette
  • Maryland payroll employment increased by 7,800 jobs (0.3 percent), on net, in April. Leisure and hospitality (3,200 jobs) experienced the largest month-over-month increase in jobs, followed by government (3,000 jobs), and professional and business services (2,100 jobs). Job declines occurred in construction (1,400 jobs), financial activities (1,000 jobs), and trade, transportation, and utilities (700 jobs).
  • On a year-over-year basis, Maryland payroll employment increased by 4,800 jobs (0.2 percent), on net. The most jobs were added over the year in education and health services (14,200 jobs), followed by government (14,100 jobs). The most jobs lost over the year were in trade, transportation, and utilities (8,100 jobs), construction (6,400 jobs), and professional and business services (6,100 jobs).
  • The unemployment rate in Maryland has risen 0.1 percentage point from March to 2.6 percent and has risen 0.7 percentage point from its April 2023 reading of 1.9 percent. Maryland's unemployment rate remains the lowest in the Fifth District and is the fifth lowest among U.S. states (after North Dakota, South Dakota, Vermont, and Nebraska).

Housing Market icon showing a picture of a house Housing Market Conditions

  • Residential housing permits increased 40.5 percent in Maryland from January to February and were up 4.7 percent on a year-over-year basis.
  • According to the Federal Housing Finance Agency, home values in Maryland appreciated 5.8 percent from the fourth quarter of 2022 to the fourth quarter of 2023.
Snapshot Resources
  • Term Definitions

    Payroll Employment
    The number of nonfarm jobs (persons on payrolls) according to where those jobs are located.

    Unemployment Rate
    The number of unemployed persons (those not employed but available and searching for work) as a percent of the civilian labor force (the total number of employed plus unemployed persons).

    Industry Structure
    A breakdown of total nonfarm jobs by industry. Percentages sum to 100 percent.

    Industry Growth
    The percentage change in jobs in each industry from a year ago.

    Building Permits
    The number of privately owned single-family and multi-family units authorized in permit-issuing places.

    House Price Index
    A repeat sales index, measuring average price changes in repeat sales or refinancings on the same single-family properties.

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