Healthcare and Business Growing in Baltimore
Sunday, July 20th, 2008Baltimore 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.”
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