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Maryland

aerial view of Maryland

Total payroll employment in Maryland increased by 11,700 jobs (0.4 percent) in July. The unemployment rate ticked up to 3.4 percent.

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Labor Market Conditions

"Maryland's labor market improved somewhat in July with a strong increase in payroll employment; however, the unemployment rate edged higher in the month." – Joseph Mengedoth
Total payroll employment in Maryland increased by 11,700 jobs (0.4 percent), on net, in July. The most jobs were added in the month in local government (10,200 jobs), followed by education and health services (3,000 jobs), and leisure and hospitality (700 jobs).
On a year-over-year basis, payroll employment in Maryland increased by 14,200 jobs (0.5 percent), on net. The most jobs were added over the year in education and health services (17,700 jobs), followed by government (6,100 jobs), and leisure and hospitality (4,300 jobs).
Maryland's unemployment rate ticked up to 3.4 percent in July as the number of unemployed persons rose by 3,100 (2.9 percent).

Housing Market Conditions

Residential permits increased 14.2 percent from June 2025 to July 2025. Compared to a year ago, July 2024, Maryland has seen permits decrease 12.8 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