Special Report
How Maryland's Job Market Has Fared Since Trump Was Elected
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Of course, if history is any guide, much of the economy is subject to boom and bust cycles — and the job market is no exception. In the last seven years — a period that spanned three presidential administrations and included a global pandemic — the average annual unemployment rate in the U.S. has fluctuated between 3.6% and 8.1%, according to the Bureau of Labor Statistics.
These same cyclical patterns are also evident in Maryland, where the job market is supported largely by the professional and scientific and public administration industries. The annual unemployment rate in the state was 3.2% in 2022, a multi-decade low. However, conditions for job seekers have not always been so favorable.
According to BLS data going back to 2016, the year Donald Trump was elected president, the annual jobless rate has been as high as 6.8% in Maryland.
This is how Maryland’s job market has changed since 2016.
Year | Maryland unemployment rate (%) | U.S. unemployment rate (%) | Unemployed population in Maryland |
---|---|---|---|
2016 | 4.5 | 4.9 | 135,091 |
2017 | 4.2 | 4.4 | 129,316 |
2018 | 3.9 | 3.9 | 124,150 |
2019 | 3.6 | 3.7 | 113,048 |
2020 | 6.8 | 8.1 | 210,055 |
2021 | 5.8 | 5.3 | 168,222 |
2022 | 3.2 | 3.6 | 102,813 |
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