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Maryland

aerial view of Maryland

Payroll employment in Maryland declined by 700 jobs (0.0 percent) in December. The unemployment rate was unchanged at 4.2 percent.

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Labor Market Conditions

"Maryland's labor market softened in December as payroll employment fell slightly, the labor force contracted, and the unemployment rate was unchanged at 4.2 percent." – Joseph Mengedoth
Total payroll employment in Maryland declined by 700 jobs (0.0 percent), on net, in December. The most jobs were lost in the month in trade, transportation, and utilities (2,100 jobs), followed by construction (500 jobs). Job losses were partially offset by gains in leisure and hospitality (1,300 jobs) and professional and business services (600 jobs).
On a year-over-year basis, payroll employment in Maryland declined by 12,400 jobs (0.4 percent), on net. The most jobs were lost over the year in trade, transportation, and utilities (14,600 jobs), government (13,700 jobs), and professional and business services (2,100 jobs).
Maryland's unemployment rate was unchanged at 4.2 percent in December despite an increase in the number of unemployed people of 1,100.

Housing Market Conditions

Residential permits increased 32.7 percent from September 2025 to October 2025. Compared to a year ago, October 2024, Maryland has seen permits decrease 26.0 percent.
According to the Federal Housing Finance Agency, the value of homes in Maryland appreciated 0.2 percent in Q3 of 2025 compared to Q2 of 2025. Also, home values appreciated 3.3 percent in Q3 of 2025 compared to Q3 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