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Maryland

aerial view of Maryland

Payroll employment in Maryland decreased by 3,200 jobs (0.1 percent) in August. The unemployment rate ticked up 0.2 percentage point to 3.6 percent.

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Labor Market Conditions

"Maryland's labor market deteriorated somewhat in August as payroll employment declined and the unemployment rate edged higher." – Joseph Mengedoth
Total payroll employment in Maryland decreased by 3,200 jobs (0.1 percent), on net, in August. The most jobs were cut in the month in other services (1,700 jobs), followed by trade, transportation, and utilities (1,300 jobs), and professional and business services (1,100 jobs).
On a year-over-year basis, payroll employment in Maryland increased by 11,800 jobs (0.4 percent), on net. The most jobs were added over the year in education and health services (15,500 jobs), followed by leisure and hospitality (4,100 jobs) and government (3,600 jobs).
Maryland's unemployment rate ticked up 0.2 percentage point to 3.6 percent in August as the number of unemployed persons rose by 5,200 people.

Housing Market Conditions

Residential permits decreased 23.1 percent from July 2025 to August 2025. Compared to a year ago, August 2024, Maryland has seen permits decrease 37.5 percent.
According to the Federal Housing Finance Agency, the value of homes in Maryland appreciated 0.8 percent in Q2 of 2025 compared to Q1 of 2025. Also, home values appreciated 3.7 percent in Q2 of 2025 compared to Q2 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