10.30.24 – MOCO
With the unemployment rate at 4.1% and labor force participation at one of the highest levels in years, the personal-finance website WalletHub today released its report on the “Best & Worst States for Jobs in 2024”, to help those still seeking jobs find the best locations for their new careers. Maryland came in ranked #10 overall, down from being ranked #6 overall in 2023.
WalletHub compared the 50 states across 34 key indicators of job-market strength and economic vitality. The data set ranges from employment growth to the median annual income to the average commute time. Finding a Job in Maryland (1=Best; 25=Avg.):
- Overall rank for Maryland: 10th
- 9th – Job Opportunities
- 19th – Employment Growth
- 1st – Unemployment Rate
- 8th – Median Annual Income (Adjusted for Cost of Living)
- 25th – Avg. Length of Work Week (in Hours)
- 5th – Job Satisfaction
Maryland’s highest ranking came in the ‘Unemployment Rate’ category, which means the state has the lowest unemployment rate in the country. The state also earned a very high ranking in ‘Job Satisfaction’ (5th overall), ‘Median Annual Income’ (8th overall), and ‘Job Opportunities’ (9th overall), with its lower ranking ‘Average Length of Work Week’ coming in at #25. The full Best & Worst States for Jobs in 2024 list can be seen here.