Maryland added over 38,000 total jobs in 2024, new data shows

Maryland’s unemployment rate remains one of the lowest in the nation at 3.1 percent

BALTIMORE, MD (January 28, 2024) – Maryland added 38,400 jobs in 2024 (27,300 in the private sector) and employment grew at a 1.4 percent growth rate, according to preliminary end-of-year employment estimates released today by the U.S. Department of Labor’s Bureau of Labor Statistics (BLS). This data, based on surveys of employers, also notes that Maryland’s total employment grew by 200 jobs in December. 

In December, Maryland’s labor force participation rate remained constant at 65.6 percent, well above the national average of 62.5 percent. Maryland’s unemployment rate remained unchanged at 3.1 percent as well last month. Maryland’s unemployment rate remains one of the lowest in the nation and well below the national rate of 4.1 percent.

The top sectors that contributed to Maryland’s job growth in December were: the Public Sector (1,300 jobs); Retail Trade (1,000 jobs); Health Care and Social Assistance (900 jobs); Professional, Scientific, and Technical Services (700 jobs); Finance and Insurance (600 jobs); and Information (600 jobs).

The five sectors with the largest estimated employment loss in December were: Administrative and Support and Waste Management and Remediation (-2,600 jobs); Other Services (-1,100 jobs); Transportation, Warehousing, and Utilities (- 600 jobs); Private Educational Services (-500 jobs); and Construction (-400 jobs). 

Note: Data is transferred to the Maryland Department of Labor’s website directly from BLS servers. Our database may be refreshed with a brief lag. For more immediate access to this month’s jobs data, please visit the BLS website. Please visit the Maryland Department of Labor’s website to view the current employment situation.

-###-