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Maryland

aerial view of Maryland

Total payroll employment in Maryland fell by 8,500 jobs (0.3 percent) in June. The unemployment rate ticked up from 3.2 percent to 3.3 percent.

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Labor Market Conditions

"Maryland's labor market softened in June as payroll employment declined and the unemployment rate edged higher in the month." – Joseph Mengedoth
Total payroll employment in Maryland fell by 8,500 jobs (0.3 percent), on net, in June. The most jobs were cut in the month in government (2,900 jobs), leisure and hospitality (2,500 jobs), and construction (2,400 jobs). The only sectors to add jobs in the month were education and health services (2,100 jobs) and manufacturing (400 jobs).
On a year-over-year basis, payroll employment in Maryland increased by 12,100 jobs (0.4 percent), on net. The most jobs were added over the year in education and health services (15,300 jobs), followed by leisure and hospitality (2,800 jobs).
Maryland's unemployment rate ticked up from 3.2 percent in May to 3.3 percent in June.

Housing Market Conditions

Residential permits decreased 41.5 percent from May 2025 to June 2025. Compared to a year ago, June 2024, Maryland has seen permits decrease 25.1 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