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Maryland

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Total payroll employment in Maryland increased by 2,900 jobs (0.1 percent) in May. The unemployment rate ticked up 0.1 percentage point to 3.2 percent.

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  • "Reports on Maryland's labor market were mixed in May. Payroll employment increased slightly but the unemployment rate ticked up as the number of people unemployed rose 3.6 percent in the month." – Joseph Mengedoth
  • Total payroll employment in Maryland increased by 2,900 jobs (0.1 percent), on net, in May. The most jobs were added in the month in the leisure and hospitality sector (1,700 jobs), followed by education and health services (1,400 jobs). Total job gains were partially offset by a sizeable decline in the government sector of 1,800 jobs.
  • On a year-over-year basis, payroll employment in Maryland increased by 25,900 jobs (0.9 percent), on net. The most jobs were added over the year in education and health services (15,300 jobs), followed by leisure and hospitality (5,500 jobs).
  • Maryland's unemployment rate ticked up to 3.2 percent in May as the number of people unemployed increased by 3,600 people (3.6 percent).

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

  • Residential permits increased by 40.1 percent from April 2025 to May 2025. Compared to a year ago, May 2024, Maryland has seen permits increase by 8.7 percent.
  • According to the Federal Housing Finance Agency, the value of homes in Maryland appreciated 1.2 percent in Q1 of 2025 compared to Q4 of 2024. Also, home values appreciated 4.6 percent in Q1 of 2025 compared to Q1 of 2024.
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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Joseph Mengedoth