Maryland Manual On-Line - www.mdmanual.net

MARYLAND AT A GLANCE

ECONOMY

EMPLOYMENT


 [photo, Baltimore Farmers' Market, Holliday St. and Saratoga St., Baltimore, Maryland] In Maryland, State agencies concerned with employment (including unemployment insurance & job-seeker assistance) are the Division of Workforce Development, the Division of Unemployment Insurance, and the Division of Labor and Industry. Each is part of the Department of Labor, Licensing, and Regulation.

Information about employment within State government agencies is available from the Office of Personnel Services and Benefits of the Department of Budget and Management.

Baltimore Farmers' Market, Holliday St. & Saratoga St., Baltimore, Maryland, November 2007. Photo by Diane F. Evartt.


Employers

Job Service

State Jobs

Unemployment Insurance

Wages

Workforce


In 2008, Maryland ranked second in the nation in the fields of technology and science, and first in human capital investment (Milken Institute index). Human capital investment is determined by creating a population average of SAT and ACT test scores, state education appropriations and spending, as well as academic degrees, particularly in the fields of engineering and sciences.

Nationally, Maryland ranks 5th in concentration of technology jobs, which employ 79 of every 1,000 private sector workers. The average wage for employees in this sector is $77,000, or 80% more than the average private sector wage.

In 2008, Maryland was ranked the 6th largest cyberstate with tech workers providing 8% of private sector employment, producing a total payroll of $13.4 billion. Some 9,600 high-tech companies were located in Maryland as of the 2008 Maryland Rankings Report.

As of May 2009, Maryland's unemployment rate was 7.2%, still below the national average of 9.4%. Despite national economic stresses, professional and business services, education and health services, and leisure and hospitality employers reported employment gains over the past year.

EMPLOYERS

In 2007, more than 161,000 businesses employed over two million workers with an annual payroll of $92 billion. In the manufacturing sector, seventeen of twenty industrial categories are represented with corporate headquarters of well-known businesses, such as Black & Decker, McCormick, and Lockheed Martin located in Maryland. Financial services is a growing sector in the Maryland economy. Brokerage firms, insurers, and other financial companies maintain their home operations or a significant presence in the State.

As of January 2009, The Johns Hopkins University is the largest private employer in Maryland. The University employs 38,000 faculty and staff. Other leading employers in the State include Giant Food Stores of Maryland, Helix Health System, Inc., Home Depot USA, The Johns Hopkins Hospital, Northrop Grumman Corp., Safeway, Target, University of Maryland Medical System, and Wal-Mart Associates, according to a report by the Department of Labor, Licensing, and Regulation.

Government employees in Maryland, in 2007, numbered 460,779 as per report of Department of Labor, Licensing, and Regulation. Of these, 124,840 were federal workers, 98,073 worked for State governement, and 237,866 were employed by counties and municipalities.

Maryland Constitutional Offices & Agencies
Maryland Departments
Maryland Independent Agencies
Maryland Executive Commissions, Committees, Task Forces, & Advisory Boards
Maryland Universities & Colleges
Maryland Counties
Maryland Municipalities
Maryland at a Glance


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 Maryland Manual On-Line, 2009

July 1, 2009   
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