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Maryland

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Total payroll employment in Maryland fell by 1,200 jobs (0.0 percent) in March. The unemployment rate was unchanged at 3.0 percent.

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  • "Maryland's labor market deteriorated slightly in March as payroll employment declined, the labor force contracted, and the number people on unemployment increased slightly." – Joseph Mengedoth
  • Total payroll employment in Maryland fell by 1,200 jobs (0.0 percent), on net, in March. The net decline was largely driven by losses in the government sector (3,500 jobs) and the trade, transportation, and utilities sector (1,400 jobs). A few sectors grew in the month, including professional and business services (3,900 jobs) and leisure and hospitality (900 jobs).
  • On a year-over-year basis, payroll employment in Maryland increased by 10,700 jobs (0.4 percent), on net. The most jobs were added over the year in education and health services (12,500 jobs), followed by government (8,900 jobs).
  • Maryland's unemployment rate was unchanged at 3.0 percent in March despite seeing a 600 person increase in the number of people unemployed and a 6,500 person (0.2 percent) decline in the labor force.

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

  • Residential permits decreased by 30.8 percent from February 2025 to March 2025. Compared to a year ago, March 2024, Maryland has seen permits decrease by 39.4 percent.
  • According to the Federal Housing Finance Agency, the value of homes in Maryland appreciated by 0.4 percent in Q4 of 2024 compared to Q3 of 2024. Also, home values appreciated by 6.2 percent in Q4 of 2024 compared to Q4 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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Joseph Mengedoth