Thursday, January 21, 2010

Frederick County Reports Positive Job Growth Figures

According to second quarter statistics released by the Maryland Dept. of Labor, Licensing and Regulation, Frederick County was one of only 10 counties in MD that experienced a positive growth in the number of new jobs created over the past five years. From 2005-2Q to 2009-2Q, the county added 571 jobs, the 6th highest number of new jobs (0.62%) created in the state of Maryland. Comparitively, the state of Maryland reported a -0.96% change in the number of new jobs created for the state. The county's 5-year average annual employment growth rate is almost 1%.

Private sector industries that saw the most job growth over the last 5 year were: Professional and Business Services (2,179), Education and Health Services (1,500), and Leisure and Hospitality (775). Industries that experienced the most decline in the number of new jobs for the same timeframe were: Construction (-3,114), Manufacturing (-1,416), and Trade, Transportation and Utilities (-1,161).

The average weekly wage per worker increased $110 over the last 5 years, representing a 15.4% increase since 2005-2Q. Industries that experienced the greatest increase in weekly wages per worker were: Information ($356), Professional and Business Services ($254), and Manufacturing ($160).