Healthcare and Business Growing in Baltimore
Posted on July 20, 2008
Baltimore job seekers unsure of what direction to go might have luck with the city’s healthcare or business industries.
Baltimore healthcare jobs and Baltimore business jobs are on the rise. The Economic Alliance of Greater Baltimore notes education and health services accounts for 17 percent of the city’s economy, while professional and business services accounts for 15 percent.
According to the United States Department of Labor Bureau of Labor Statistics, the education and health services industry employed 383,700 people in June 2008, a 2.7 percent increase over the previous year.
The Baltimore Workforce Investment Board states the healthcare and life sciences sector is the largest in Baltimore.
“The healthcare and social assistance sector employss 67,200 alone or 17.34% of the workforce,” the site notes. “In Maryland, the industry grew 23.3% from 1990-1999. The industry is one of only three Baltimore city sectors to grow (9.3%) from 1990 to 2002. The industry has high vacancy rates. From 1990 to 1999, wages in this industry have grown 32% after inflation (26%). There are easily identifiable career ladders in this industry and local Baltimore employers have been receptive to further development of career pipeline strategies. There are high-demand, low skill/education jobs with good wages in this industry.”
According to its Web site, Johns Hopkins medical scientists receive more federal research support each year than counterparts at other American medical schools, the school of medicine is one of the top two medical schools in the country, the hospital has been ranked the number one hospital in the country every year since 1992 by U.S. News & World Report, and it is the only healthcare organization in Maryland to achieve a designation of excellence in nursing practice from the Magnet Recognition Program.
Johns Hopkins is expected to serve as the center for a new biotechnology park. The park will be one of two under construction in Baltimore, and will provide room for medical and technology start-ups as well as industry giants.
The University of Maryland Medical Center provides comprehensive care to those on the west side of Baltimore, and tertiary care for Maryland and the surrounding areas. The hospital also has more intensive care beds than any other hospital in Maryland.
According to the BLS, the professional and business services industry employed 403,200 people in June 2008, a 1.9 percent increase over the previous year. The BWIB notes the business services sector is the second largest in the city, employing 45,000 people or 12% of the workforce in July 2003.
“From 1990 to 2002, this employment sector grew 9.3% in Baltimore City,” the site states. “Wages have increased 50.9% after inflation in Maryland. Career ladders appear to be less obvious in this industry and need further exploration. There are six high growth occupations in this industry projected through 2006. There are high-demand, low skill/education jobs with good wages in this industry.”