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Federal Reserve Bank of Richmond

Maryland

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Payroll employment in Maryland increased by 900 jobs (0.0 percent) in June. The unemployment rate edged down 0.1 percentage point to 4.3 percent.

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Labor market icon showing three people Labor Market Conditions

  • "Maryland's labor market improved slightly in June as total payroll employment increased, the unemployment rate declined, and the labor force expanded." – Joseph Mengedoth
  • Payroll employment in Maryland increased by 900 jobs (0.0 percent), on net, in June. The most jobs were added in the month in education and health services (1,700 jobs) and government services (1,300 jobs).
  • On a year-over-year basis, total payroll employment in Maryland is down by 18,700 jobs (0.7 percent), on net. The most jobs were lost over the year in trade, transportation, and utilities (15,000 jobs) and government (12,300 jobs).
  • Maryland's unemployment rate edged down 0.1 percentage point to 4.3 percent in June and the labor force expanded slightly.
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Housing Market icon showing a picture of a house Housing Market Conditions

  • Residential permits increased 3.4 percent from May 2026 to June 2026. Compared to June 2025, Maryland permits were relatively unchanged with an increase of .1 percent.
  • According to the Federal Housing Finance Agency, the value of homes in Maryland appreciated 0.3 percent in Q1 of 2026 compared to Q4 of 2025. Also, home values appreciated 3.4 percent in Q1 of 2026 compared to Q1 of 2025.
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