Skip to main content

Maryland’s unemployment rate lower than Virginia’s for 2nd month in a row

Maryland has historically had a slightly higher unemployment rate than Virginia. But for the second consecutive month, Maryland’s jobless rate was lower than Virginia in March.

Virginia’s unemployment rate is also higher than it was a year ago.

According to the Bureau of Labor Statistics, Virginia’s unemployment rate last month was unchanged at 3.2%, and up from 2.8% in March 2022. Maryland’s unemployment rate fell to 2.7% in March, and is down from 3.2% a year earlier.

Maryland’s 2.7% is a record low recorded by the Bureau of Labor Statistics.

Virginia has gained 99,900 jobs in the past year, a job growth rate of 2.5%, outpacing Maryland’s annual job growth rate of 1.3%. Maryland has gained 35,900 jobs in the past year.

South Dakota had the lowest state unemployment rate in March, at 1.9%, followed by North Dakota and Nebraska at 2.1%. Nevada had the highest state unemployment rate last month, at 5.5%.

The Bureau of Labor Statistics posts monthly state unemployment numbers and changes in civilian workforce by state online.

Which generation has the most wealth?

Owning more than you owe is the initial step toward achieving financial security. As your net worth escalates, so does your wealth. On an individual level, you have considerable control over your money, from how much you earn and borrow to the amount you save and invest. However, outside factors such as inflation, interest rates and unemployment can affect your ability to reach your wealth-building goals.
Read Next Story