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Window washers, St. Agnes Hospital, Catonsville, Maryland, April 2011. Photo by Diane F. Evartt.
In 2011, Maryland ranked 4th nationally in concentration of technology jobs: 87 of every 1,000 private sector workers. The average annual wage for employees in this field is approximately $90,000, or 69% more than the average private-sector wage.
In 2010, Maryland ranked second in the nation in the fields of technology and science, and first in human capital investment (Milken Institute index). Human capital investment is determined by creating a population average of SAT and ACT test scores, state education appropriations and spending, as well as academic degrees, particularly in the fields of engineering and sciences. Some 11,600 high-tech companies were located in Maryland as of 2010.
Approximately 80% of those working in Maryland are employed by the private sector, while federal, State, county and municipal governments employ 20% of the workforce.
In 2012, The Johns Hopkins University was the largest private employer in Maryland. The University employs 27,000 faculty and staff. Other leading employers in the State include Giant Food Stores of Maryland; Johns Hopkins Hospital; Lockheed Martin Corp.; Marriott International, Inc.; Northrop Grumman Corp.; University of Maryland Medical System; MedStar Health; Verizon Maryland, Inc.; and Wal-Mart Associates.
Government employees in Maryland in 2012 numbered 488,202. Of these, 146,354 were federal workers, 100,790 worked for State government, and 241,058 were employed by county and municipal governments.
In 2012, Maryland had more than 168,000 businesses that employed over 2.5 million workers with an annual payroll of nearly $136 billion. In the manufacturing sector, sixteen of twenty industrial categories are represented with corporate headquarters of well-known businesses, such as Black & Decker, McCormick, and Lockheed Martin located in Maryland. Financial services is a growing sector in the Maryland economy. Brokerage firms, insurers, and other financial companies maintain their home operations or a significant presence in the State.
Source: Employment and Payrolls - Industry Series - Maryland 2012, Division of Workforce Development & Adult Learning, Department of Labor, Licensing, and Regulation.
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