Maryland Q4, 2019 Employment Statistics

  • 175,343 employers, up 0.3% from 174,848
  • 2,731,158 employees, up 1.0% from 2,704,312
  • $1,271 average weekly wage, up 3.5% from $1,228
  • The average weekly wage is 7.3% above the national average
  • The cost of living is 29.7% above the national average

Employer & Employee Growth

In the last year, the number of employers in the state increased by 495, which is an increase of 0.3%. The number of employees in Maryland increased by 26,847, an increase of 1.0%. During this same period, the average weekly wage increased by $43, an increase of 3.5%.

The number of private employers increased since last years' Q1. The number of private businesses increased by 464 or 0.3%. Growth in private businesses in Maryland grew slower than the national average of 2.5%. The number of employees in these businesses increased since last years' Q1, increasing by 23,127 or 1.0%. The growth in employees of private businesses in Maryland was slower than the national average of 1.2%.

The average weekly wage of employees of private businesses increased since last years' Q1. The averge weekly wage increased by $37 or 3.1%. Growth in average weekly wage of employees of private businesses in Maryland grew slower than the national average of 3.8%.


Leading Sectors

Businesses by Sector

The sector with the greatest number of businesses in the state is Professional services with 17.6% of the businesses in the state. The number of businesses in this sector increased by 1.6%. Other services (10.9%), which decreased by 1.1% and Healthcare (10.5%), which increased by 1.5%, round out the 3 largest sectors.

Table: Sectors by Year-over-Year Qtly Business Change %
SectorChange Biz% Change
Mining and oil extraction56.1%
Real estate and rental1482.1%
Educational services571.9%
Information491.8%
Waste services2121.7%
Transport and warehousing671.7%
Professional services4761.6%
Healthcare2711.5%
Utilities20.9%
Arts and entertainment200.8%
Manufacturing320.8%
Accommodation and food services700.6%
Construction-62-0.4%
Finance and insurance-68-0.8%
Other services-223-1.1%
Agriculture and forestry-9-1.4%
Retail trade-323-1.7%
Wholesale trade-307-3.0%
Company management-25-3.5%


Employees by Sector

The sector with the greatest number of employees in the state is Healthcare with 14.1% of the employees in the state, had an increase in employees of 1.5% in the last year. Retail trade (10.4%), decreased by 1.5% and Professional services (9.5%), increased by 2.5%, round out the top 3 sectors.

Table: Sectors by Year-over-Year Qtly Employee Change %
SectorEmployee Change% Change
Agriculture and forestry75514.5%
Transport and warehousing9,54310.7%
Mining and oil extraction423.8%
Company management9453.4%
Professional services6,4302.5%
Manufacturing2,3782.1%
Construction2,8131.7%
Healthcare5,6491.5%
Wholesale trade8831.0%
Accommodation and food services1,7760.7%
Utilities600.6%
Real estate and rental2270.5%
Other services2910.3%
Waste services-380-0.2%
Educational services-199-0.3%
Information-89-0.3%
Retail trade-4,402-1.5%
Finance and insurance-2,325-2.6%
Arts and entertainment-1,363-3.1%


Average Weekly Wage by Sector

The sector that pays their employees the highest is Finance and insurance paying $2,536per week compared with the state average of $1,225. Weekly wages in this sector rose by $237 or 10.3%. Company management ($2,403), rose by $108 or 4.7% and Professional services ($2,132) increased by $68 or 3.3% round out the 3 largest sectors.

Table: Sectors by Year-over-Year Weekly Wage Change %
SectorWage ChangeChange %
Finance and insurance$23710.3%
Mining and oil extraction$937.3%
Agriculture and forestry$556.9%
Educational services$635.7%
Company management$1084.7%
Accommodation and food services$204.5%
Retail trade$223.5%
Professional services$683.3%
Other services$273.1%
Construction$423.0%
Information$502.9%
Manufacturing$402.7%
Waste services$182.0%
Healthcare$211.9%
Arts and entertainment$131.8%
Wholesale trade$171.0%
Real estate and rental$-25-1.8%
Utilities$-73-3.3%
Transport and warehousing$-61-6.2%


Leading Industries

Businesses by Industry

Each broad sector is made up of specific industries. In Maryland. the industry with the most businesses is Restaurants and other eating places with 5.8% of the businesses in the state (with 10,166 employing 184,725 workers). The Restaurants and other eating places industry had 40 more businesses, an increase of 0.4% in the last year. Computer systems design and related services (5.6% of businesses) added 226 businesses, an increase of 2.3% and Private households (4.1% of businesses) had 265 fewer businesses, a decline of 3.5% round out the 3 industries with the most businesses.

Table: Top 7 Industries by Business Change %
IndustryBusiness Chg% Change
Rubber and plastics hose and belting mfg.266.7%
Monetary authorities - central bank660.0%
Abrasive product manufacturing150.0%
Port and harbor operations233.3%
Turned product and screw nut and bolt mfg.133.3%
Professional employer organizations12232.0%
Tobacco manufacturing330.0%


Table: Top 7 Industries by Business Change #
IndustryBusiness Chg% Change
Computer systems design and related services2262.3%
Other technical consulting services15117.1%
Offices of real estate agents and brokers1456.2%
Research and development in the physical engineering and life sciences12410.9%
Professional employer organizations12232.0%
Medical and diagnostic laboratories819.9%
Outpatient mental health centers7920.7%


Employees by Industry

Computer systems design and related services (5.6% of employees) added 226 employees, an increase of 2.3% and Private households (4.1% ofemployees) had 265 fewer employees, a decline of 3.5% round out the 3 industries with the most employees.

Table: Top 7 Industries by Employee Change %
IndustryEmp Chg% Change
Credit bureaus202187.3%
Other farm product raw material merch. whls.103165.9%
Port and harbor operations83117.5%
Dance companies4369.8%
Soybean farming1666.7%
Other performing arts companies5064.8%
Other activities related to real estate53654.0%


Table: Top 7 Industries by Employee Change #
IndustryEmp Chg% Change
General warehousing and storage5,71725.2%
Computer systems design and related services2,2852.9%
Couriers and express delivery services1,61610.8%
Home health care services1,4626.3%
Professional employer organizations1,43833.8%
Offices of physicians1,3912.6%
Research and development in the physical engineering and life sciences1,3054.6%


Average Weekly Wage by Industry

The industry that pays their employees the most is Investment advice, paying $8,589 compared with the state average of $1,225. Employees in the Investment advice industry were paid $761 more per week, an increase of 9.7% in the last year. Miscellaneous intermediation ($4,751) and Men's and boys' clothing merchant wholesalers ($4,489) round out the top 3 industries. Employees in the Miscellaneous intermediation ($4,751 per week) were paid $143 more per week, an increase of 3.1% and Men's and boys' clothing merchant wholesalers ($4,489 per week) were paid $3,449 more per week, an increase of 331.6% round out the 3 industries that pay their employees the most.

Table: Top 7 Industries by Wage Change %
IndustryWkly Chg% Change
Men's and boys' clothing merchant wholesalers$3,449331.6%
Dance companies$521111.1%
Satellite telecommunications$1,14269.6%
Consumer electronics and appliances rental$61167.4%
Soybean farming$45762.9%
Advertising material distribution services$40958.3%
Pipeline transportation of natural gas$78454.8%


Table: Top 7 Industries by Wage Change $
IndustryWkly Chg% Change
Men's and boys' clothing merchant wholesalers$3,449331.6%
Satellite telecommunications$1,14269.6%
All other wood product manufacturing$83441.0%
Pipeline transportation of natural gas$78454.8%
Investment advice$7619.7%
Mortgage and nonmortgage loan brokers$72049.0%
Investment banking and securities dealing$62319.3%


Company Size

Maryland Businesses by Size

The solopreneur company, has the most businesses in Maryland by far. 61.3% of all businesses in the state have fewer than 5 employees. The 162,559 small businesses in the state represent 95.3% of all private businesses. The national average is 91.2%. (Small businesses have fewer than 50 employees, Solopreneurs employ fewer than 5.) Maryland added 1,346 businesses in the last year, an increase of 0.8% as compared to the national average of 3.0%.

Small businesses are defined as companies with fewer than 50 employees. These small businesses added 1,299 businesses in the last year, which is an increase of 0.8% as compared to the national average of 3.1%.

Mid-sized businesses are defined as companies with between 50 and 499 employees. These mid-sized businesses added 47 businesses in the last year, which is an increase of 0.6% as compared to the national average of 1.3%.

Large businesses are defined as companies with more than 500 employees. These large businesses added 0 businesses in the last year, which is an increase of 0.0% as compared to the national average of 2.1%.



Maryland Employees by Business Size

Maryland added 69,265 employees in the last year, an increase of 3.3% as compared to the national average of 5.2%. Small businesses are defined as companies with fewer than 50 employees. These small businesses added 22,694 businesses in the last year, which is an increase of 16.2% as compared to the national average of 4.2%.

Mid-sized businesses are defined as companies with between 50 and 499 employees. Mid-sized businesses added 37,369 employees in the last year, which is an increase of 4.5% as compared to the national average of 4.7%.

Large businesses are defined as companies with more than 500 employees. Large businesses added 9,202 employees in the last year, which is an increase of 3.1% as compared to the national average of 9.2%.

Maryland Avg Weekly Wages by Business Size

The smallest companies in Maryland (those with fewer than 5 employees) pay workers 18.2% more than the national average ($1,228 per week as compared to the national average of $1,005 per week). The largest companies in Maryland (those with more than 1,000 employees) pay 22.2% workers below the national average ($1,565 per week as compared to the national average of $1,913 per week).

Average weekly wages in small businesses added $123 per week in the last year, which is an increase of 3.0% as compared to the national average of 3.1%. Employees of mid-sized businesses added $148 in wages per week in the last year, which is an increase of 4.1% as compared to the national average of 1.3%.

Employees of large businesses added $-58 of weekly wages in the last year, which is an increase of -1.8% as compared to the national average of 2.1%.

Top Industries for Business and Employment

The table below illustrates the largest industries in the state, by number of businesses:

Table: Top 10 Industries by # of Businesses
Industry# Businesses% Change
Restaurants and other eating places10,1660.4%
Computer systems design and related services9,8502.3%
Private households7,200-3.5%
Management consulting services5,8750.0%
Offices of physicians4,816-1.8%
Residential building construction4,476-0.6%
Wholesale trade agents and brokers3,566-9.4%
Offices of lawyers3,0110.0%
Accounting and bookkeeping services2,8790.6%
Offices of dentists2,579-0.7%


The table below illustrates the largest industries in the state, by number of employees:

Table: Top 10 Industries by # of Employees
Industry# Employees% Change
Restaurants and other eating places184,7250.5%
General medical and surgical hospitals99,6950.4%
Computer systems design and related services80,3382.9%
Offices of physicians54,5262.6%
Supermarkets and other grocery stores48,749-0.8%
Temporary help services45,253-0.9%
Management consulting services36,6092.6%
Engineering services34,6103.4%
Department stores32,2080.5%
Plumbing and hvac contractors30,4681.4%


The table below illustrates the largest industries in the state, by highest wages:

Table: Top 10 Industries by Weekly Wage
IndustryWkly Wages% Change
Investment advice$8,5899.7%
Miscellaneous intermediation$4,7513.1%
Men's and boys' clothing merchant wholesalers$4,489331.6%
Portfolio management$4,1855.1%
Investment banking and securities dealing$3,85319.3%
Securities brokerage$3,7083.8%
Computer and software merchant wholesalers$3,5462.8%
Spectator sports$3,1552.7%
Other financial vehicles$3,114-7.8%
All other financial investment activities$2,92110.7%




Data Sources




About the Writer

This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.