Maryland Q2, 2019 Employment Statistics- 174,337 employers, up 0.9% from 172,755
- 2,713,066 employees, up 0.7% from 2,693,882
- $1,178 average weekly wage, up 3.3% from $1,140
- The average weekly wage is 7.6% 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 1,582, which is an increase of 0.9%. The number of employees in Maryland increased by 19,184, an increase of 0.7%. During this same period, the average weekly wage increased by $38, an increase of 3.3%.
The number of private employers increased since last years' Q1. The number of private businesses increased by 1,563 or 0.9%. Growth in private businesses in Maryland grew slower than the national average of 2.9%. The number of employees in these businesses increased since last years' Q1, increasing by 17,215 or 0.8%. The growth in employees of private businesses in Maryland was slower than the national average of 1.4%.
The average weekly wage of employees of private businesses increased since last years' Q1. The averge weekly wage increased by $36 or 3.3%. 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 17.5% of the businesses in the state. The number of businesses in this sector increased by 2.4%. Other services (11.0%), which decreased by 0.8% and Retail trade (10.5%), which decreased by 0.3%, round out the 3 largest sectors.
Table: Sectors by Year-over-Year Qtly Business Change %
| Sector | Change Biz | % Change |
|---|---|---|
| Utilities | 32 | 16.8% |
| Real estate and rental | 206 | 3.0% |
| Professional services | 725 | 2.4% |
| Manufacturing | 91 | 2.3% |
| Healthcare | 401 | 2.3% |
| Educational services | 53 | 1.8% |
| Waste services | 213 | 1.7% |
| Information | 47 | 1.7% |
| Accommodation and food services | 167 | 1.4% |
| Transport and warehousing | 34 | 0.9% |
| Arts and entertainment | 18 | 0.7% |
| Construction | 76 | 0.5% |
| Agriculture and forestry | -1 | -0.2% |
| Retail trade | -51 | -0.3% |
| Finance and insurance | -36 | -0.4% |
| Other services | -150 | -0.8% |
| Wholesale trade | -236 | -2.3% |
| Company management | -18 | -2.5% |
| Mining and oil extraction | -11 | -11.7% |
Employees by Sector
The sector with the greatest number of employees in the state is Healthcare with 14.0% of the employees in the state, had an increase in employees of 1.0% in the last year. Retail trade (10.2%), decreased by 2.4% and Professional services (9.5%), increased by 2.7%, round out the top 3 sectors.Table: Sectors by Year-over-Year Qtly Employee Change %
| Sector | Employee Change | % Change |
|---|---|---|
| Agriculture and forestry | 852 | 14.9% |
| Company management | 1,493 | 5.4% |
| Transport and warehousing | 3,883 | 4.7% |
| Professional services | 6,863 | 2.7% |
| Manufacturing | 2,490 | 2.3% |
| Waste services | 3,654 | 2.1% |
| Construction | 3,003 | 1.9% |
| Wholesale trade | 1,454 | 1.7% |
| Accommodation and food services | 3,464 | 1.5% |
| Educational services | 965 | 1.4% |
| Healthcare | 3,649 | 1.0% |
| Other services | 130 | 0.1% |
| Mining and oil extraction | -8 | -0.7% |
| Utilities | -131 | -1.3% |
| Retail trade | -6,930 | -2.4% |
| Real estate and rental | -1,147 | -2.5% |
| Finance and insurance | -2,600 | -2.8% |
| Arts and entertainment | -2,234 | -4.4% |
| Information | -1,650 | -4.5% |
Average Weekly Wage by Sector
The sector that pays their employees the highest is Company management paying $2,093per week compared with the state average of $1,119. Weekly wages in this sector rose by $31 or 1.5%. Utilities ($2,074), declined by $121 or 5.5% and Professional services ($1,950) increased by $128 or 7.0% round out the 3 largest sectors.Table: Sectors by Year-over-Year Weekly Wage Change %
| Sector | Wage Change | Change % |
|---|---|---|
| Professional services | $128 | 7.0% |
| Accommodation and food services | $22 | 5.3% |
| Information | $82 | 4.7% |
| Agriculture and forestry | $31 | 4.4% |
| Construction | $42 | 3.4% |
| Retail trade | $19 | 3.1% |
| Healthcare | $31 | 3.0% |
| Other services | $19 | 2.3% |
| Wholesale trade | $32 | 2.2% |
| Real estate and rental | $23 | 2.0% |
| Manufacturing | $25 | 1.7% |
| Waste services | $13 | 1.6% |
| Company management | $31 | 1.5% |
| Finance and insurance | $16 | 0.9% |
| Mining and oil extraction | $7 | 0.5% |
| Educational services | $4 | 0.4% |
| Transport and warehousing | $-5 | -0.5% |
| Arts and entertainment | $-28 | -4.7% |
| Utilities | $-121 | -5.5% |
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 10,103 employing 191,967 workers). The Restaurants and other eating places industry had 152 more businesses, an increase of 1.5% in the last year. Computer systems design and related services (5.6% of businesses) added 374 businesses, an increase of 4.0% and Private households (4.1% of businesses) had 181 fewer businesses, a decline of 2.4% round out the 3 industries with the most businesses.Table: Top 7 Industries by Business Change %
| Industry | Business Chg | % Change |
|---|---|---|
| Tire manufacturing | 1 | 50.0% |
| Monetary authorities - central bank | 5 | 45.5% |
| Other basic organic chemical manufacturing | 4 | 44.4% |
| Other performing arts companies | 4 | 44.4% |
| Communication and energy wire and cable mfg. | 3 | 42.9% |
| Tobacco manufacturing | 3 | 37.5% |
| Commodity contracts dealing | 7 | 35.0% |
Table: Top 7 Industries by Business Change #
| Industry | Business Chg | % Change |
|---|---|---|
| Computer systems design and related services | 374 | 4.0% |
| Other technical consulting services | 208 | 28.3% |
| Offices of real estate agents and brokers | 157 | 7.0% |
| Restaurants and other eating places | 152 | 1.5% |
| Medical and diagnostic laboratories | 150 | 20.7% |
| Professional employer organizations | 114 | 34.9% |
| Research and development in the physical engineering and life sciences | 88 | 8.0% |
Employees by Industry
Computer systems design and related services (5.6% of employees) added 374 employees, an increase of 4.0% and Private households (4.1% ofemployees) had 181 fewer employees, a decline of 2.4% round out the 3 industries with the most employees.Table: Top 7 Industries by Employee Change %
| Industry | Emp Chg | % Change |
|---|---|---|
| Credit bureaus | 229 | 235.7% |
| Other farm product raw material merch. whls. | 84 | 187.8% |
| Frozen food manufacturing | 271 | 179.5% |
| Trusts estates and agency accounts | 38 | 105.7% |
| Dance companies | 23 | 77.8% |
| Starch and vegetable oil manufacturing | 86 | 71.1% |
| Commodity contracts dealing | 37 | 68.8% |
Table: Top 7 Industries by Employee Change #
| Industry | Emp Chg | % Change |
|---|---|---|
| Computer systems design and related services | 3,770 | 4.9% |
| Restaurants and other eating places | 1,970 | 1.1% |
| Commercial building construction | 1,763 | 11.4% |
| Engineering services | 1,646 | 5.0% |
| Home health care services | 1,639 | 7.3% |
| Management of companies and enterprises | 1,493 | 5.4% |
| General warehousing and storage | 1,478 | 7.7% |
Average Weekly Wage by Industry
The industry that pays their employees the most is Miscellaneous intermediation, paying $4,450 compared with the state average of $1,119. Employees in the Miscellaneous intermediation industry were paid $658 more per week, an increase of 17.4% in the last year. Television broadcasting ($4,370) and Coal and other mineral merchant wholesalers ($3,898) round out the top 3 industries. Employees in the Television broadcasting ($4,370 per week) were paid $2,782 more per week, an increase of 175.2% and Coal and other mineral merchant wholesalers ($3,898 per week) were paid $0 more per week, an increase of 0.0% round out the 3 industries that pay their employees the most.Table: Top 7 Industries by Wage Change %
| Industry | Wkly Chg | % Change |
|---|---|---|
| Television broadcasting | $2,782 | 175.2% |
| Frozen food manufacturing | $645 | 138.4% |
| Tobacco manufacturing | $1,379 | 115.2% |
| Record production and distribution | $389 | 108.7% |
| Other support activities for water transport. | $538 | 106.5% |
| Advertising material distribution services | $472 | 67.8% |
| Reinsurance carriers | $824 | 63.4% |
Table: Top 7 Industries by Wage Change $
| Industry | Wkly Chg | % Change |
|---|---|---|
| Television broadcasting | $2,782 | 175.2% |
| Tobacco manufacturing | $1,379 | 115.2% |
| Open-end investment funds | $919 | 37.4% |
| Reinsurance carriers | $824 | 63.4% |
| Satellite telecommunications | $772 | 44.6% |
| Miscellaneous intermediation | $658 | 17.4% |
| Frozen food manufacturing | $645 | 138.4% |
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 92.4%. (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 places | 10,103 | 1.5% |
| Computer systems design and related services | 9,787 | 4.0% |
| Private households | 7,217 | -2.4% |
| Management consulting services | 5,806 | 0.2% |
| Offices of physicians | 4,829 | -0.4% |
| Residential building construction | 4,480 | 0.6% |
| Wholesale trade agents and brokers | 3,767 | -9.9% |
| Offices of lawyers | 3,000 | 0.2% |
| Accounting and bookkeeping services | 2,878 | 0.8% |
| Offices of dentists | 2,572 | -1.1% |
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 places | 191,967 | 1.1% |
| General medical and surgical hospitals | 98,990 | 0.4% |
| Computer systems design and related services | 80,667 | 4.9% |
| Offices of physicians | 53,257 | 0.7% |
| Supermarkets and other grocery stores | 48,637 | -2.3% |
| Temporary help services | 43,499 | 1.1% |
| Management consulting services | 35,867 | 2.0% |
| Engineering services | 34,757 | 5.0% |
| Plumbing and hvac contractors | 29,884 | 0.8% |
| Management of companies and enterprises | 29,061 | 5.4% |
The table below illustrates the largest industries in the state, by highest wages:
Table: Top 10 Industries by Weekly Wage
| Industry | Wkly Wages | % Change |
|---|---|---|
| Miscellaneous intermediation | $4,450 | 17.4% |
| Television broadcasting | $4,370 | 175.2% |
| Coal and other mineral merchant wholesalers | $3,898 | 0.0% |
| Investment banking and securities dealing | $3,691 | -1.9% |
| Open-end investment funds | $3,379 | 37.4% |
| Securities brokerage | $3,342 | -1.2% |
| Computer and software merchant wholesalers | $3,188 | 4.8% |
| Other financial vehicles | $3,063 | 4.6% |
| Research and development in the physical engineering and life sciences | $2,743 | 24.9% |
| Investment advice | $2,714 | -16.7% |
Data Sources
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