FY 24 APPROVED BUDGET IN BRIEF

HARFORD COUNTY Economic Statistics Report

LAST UPDATED June 12, 2023

Compiled by the Office of Economic Development

LABOR FORCE

Labor Statistics

2M

1.7% Unemployment Rate 04/23 Source: MD DLLR HARFORD COUNTY 1.8% Unemployment Rate 04/23 Source: MD DLLR MARYLAND 3.4% Unemployment Rate 04/23 Source: US BLS UNITED STATES

0

JUL 2022

SEP 2022

FEB 2023

JAN 2023

JUN 2022

APR 2022

APR 2023

DEC 2022

OCT 2022

AUG 2022

MAY 2022

NOV 2022

MAR 2023

Baltimore County

Cecil County

Harford County

Maryland

UNEMPLOYMENT RATE

5

62.6%

In-Commute Jobs

%

37.4%

Out-Commute Jobs Source: ACS 2021 (Table S0801)

2.5

Harford County Annual Average Wage/Week - Q32022

$1,093

0

JUL 2022

SEP 2022

FEB 2023

JAN 2023

JUN 2022

APR 2023

APR 2022

DEC 2022

OCT 2022

AUG 2022

MAY 2022

NOV 2022

MAR 2023

Source: U.S. BLS

Baltimore County

Cecil County

Harford County

Maryland

Class of Worker

Harford County Demographic Profile Source: United States Census Bureau 2021

• Employee of private company: 63.2% • Self-employed in own business: 3.3% • Private not-for-profit wage: 8.3% • Local/State/Federal government: 21.1% • Self-employed not in own business: 4.1%

INDUSTRY FOR CIVILIAN LABOR FORCE

$96,328 2021 median household income 38.2% higher than the national level

Total Population 262,977

Agriculture, Forestry, Fishing and Hunting, and Mining Construction Manufacturing Wholesale Trade Retail Trade Transportation and warehousing, and utilities Information Finance and insurance, and real estate and rental and leasing Professional, scientific, management, administrative and waste management Educational services, and health care and social assistance Arts, entertainment, and recreation, and accommodation and food services Other services, except public administration Public administration

.4%

7.1%

6.7%

2.0%

11.5%

5.3%

• Under 5: 5.4% • 5 - 17: 16.9% • 18 - 64: 60.7% • Over 65: 17.0% Population by Age Range

Per Capita Income $44.3K

1.2%

6.6%

Median Age 39.6

13.9%

22.4%

7.0%

4.6%

11.4%

9