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.
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In 2010, 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 ranked 5th in concentration of technology jobs, which employ 79 of every 1,000 private sector workers. In 2008, 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 by the Maryland Department of Business and Economic Development.
As of January 2011, Maryland's unemployment rate was 7.2%, down from 7.4% in December 2010, and still below the national average of 9%. Despite national economic stresses, employers in professional and business services, education and health services, and leisure and hospitality reported employment gains over the past year.
As of March 2010, The Johns Hopkins University was the largest private employer in Maryland. The University employs 38,000 faculty and staff. Other leading employers in the State include Adventist Healthcare, Giant Food Stores of Maryland, Helix Health System, Inc., The Johns Hopkins Hospital, Northrop Grumman Corp., Safeway, Target, University of Maryland Medical System, and Wal-Mart Associates.
Government employees in Maryland, in 2009, numbered 476,918 as per report of Department of Labor, Licensing, and Regulation. Of these, 131,862 were federal workers, 100,190 worked for State government, and 244,866 were employed by counties and municipalities.
Source: Employment and Payrolls - Industry Series - Maryland 2009, Division of Workforce Development & Adult Learning, Department of Labor, Licensing, and Regulation.
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EMPLOYERS
In 2009, Maryland had more than 164,000 businesses that employ over two million workers with an annual payroll of nearly $96 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.
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