2023 Maryland Job Report Recap
The information provided below is an overview of the last 12 months. In 2023, Maryland reached an all-time low for unemployment rate.
The above graph shows the total employment numbers in Maryland throughout 2023. The peak employment month was September. In September, Maryland added 17,000 jobs, this was the most jobs added of any month in 2023. A close second was August where Maryland added 12,300 jobs. Looking at the Unemployment graph below, you can see the lowest unemployment rates were in August and September as well.
The graph above shows the total unemployment numbers for 2023. As you can see, there was a steady decline in unemployment for over 8 months in 2023, with only a slight increase towards the end of the year. Maryland had the most consecutive months of decreasing unemployment in history last year.
The 2023 unemployment rate followed the trend of the unemployment numbers with 8 consecutive months of decreasing unemployment rate, ultimately hitting an all-time state low record of 1.7%.
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