Unemployment Rate in Baltimore City MD

Measurement
Percent
Indicator Type or Source
Unemployment Indicator
Period End Date
October 1, 2024
Clasification
Unemployment
 
Oil Shock
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Unemployment Rate in Baltimore City MD is an economic indicator measured in Percent. It covers the period from Monday, November 28, 1994, to Tuesday, October 1, 2024, and is updated monthly. Please note, these data come from the Current Population Survey (CPS), also known as the household survey. Civilian Labor Force includes all persons in the civilian noninstitutional population ages 16 and older classified as either employed or unemployed. Employed persons are all persons who, during the reference week (the week including the 12th day of the month), (a) did any work as paid employees, worked in their own business or profession or on their own farm, or worked 15 hours or more as unpaid workers in an enterprise operated by a member of their family, or (b) were not working but who had jobs from which they were temporarily absent because of vacation, illness, bad weather, childcare problems, maternity or paternity leave, labor-management dispute, job training, or other family or personal reasons, whether or not they were paid for the time off or were seeking other jobs. Each employed person is counted only once, even if he or she holds more than one job. Unemployed persons are all persons who had no employment during the reference week, were available for work, except for temporary illness, and had made specific efforts to find employment some time during the 4 week-period ending with the reference week. Persons who were waiting to be recalled to a job from which they had been laid off need not have been looking for work to be classified as unemployed. The unemployment rate is the unemployed percent of the civilian labor force [100 times (unemployed/civilian labor force)]. For more details, see the release's additional resources (https://www.bls.gov/sae/additional-resources/non-standard-ces-areas.htm) of the Current Employment Statistics. Please view all Unemployment indicators for more information or continue to All Top Economic Indicators.
Source: Federal Reserve Bank of St. Louis (fred.stlouisfed.org)

30-Year History of Unemployment Rate in Baltimore City MD

The above interactive chart and the table below show the 30-year history of unemployment rate in baltimore city md going back to Monday, November 28, 1994. The current value is 4.30 which was updated on Tuesday, October 1, 2024. Historical data enables economists and other stakeholders to identify patterns and trends over time. This can provide insights into how different sectors of the economy are likely to perform under similar conditions in the future.
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