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Federal Reserve Bank of Richmond

Maryland

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Payroll employment in Maryland increased by 2,800 jobs (0.1 percent) in April. The unemployment rate ticked up slightly to 4.4 percent.

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Labor market icon showing three people Labor Market Conditions

  • "Maryland's labor market improved somewhat in April. Total payroll employment increased, the labor force increased slightly; however, the unemployment rate edged up to 4.4 percent." – Joseph Mengedoth
  • Total payroll employment in Maryland increased by 2,800 jobs (0.1 percent), on net, in April. The most jobs were added in the month in education and health services (1,400 jobs) and trade, transportation, and utilities (900 jobs). The only industries to contract in April were manufacturing (1,000 jobs) and "other" services (700 jobs).
  • On a year-over-year basis, payroll employment in Maryland declined by 33,100 jobs (1.2 percent), on net. The most jobs were lost over the year in government (18,700 jobs) and trade, transportation, and utilities (12,800 jobs).
  • Maryland's unemployment rate ticked up slightly to 4.4 percent in April.

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

  • Residential permits increased 54.1 percent from March 2026 to April 2026. Compared to a year ago, April 2025, Maryland has seen permits increase 41.4 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