Feb 19 2025 3 mins
The job market in Baltimore is experiencing significant growth, particularly in the tech sector. By 2025, Baltimore's tech scene is expected to create 52,000 jobs and generate a $4.2 billion economic impact by 2030, driven by over 400 startups and partnerships with universities. The city is focusing heavily on AI, biotechnology, cybersecurity, healthcare IT, and software development.
Employment in Baltimore is robust, with tech salaries ranging from $91,000 for entry-level roles to over $110,000 for experienced positions. Cybersecurity roles are especially in demand, with salaries for security analysts and network administrators reaching up to $141,000 and $108,000 respectively. Data science, cloud engineering, and AI roles are also highly sought after, with data scientists earning up to $154,850.
The unemployment rate in Baltimore stands at 3.90% as of December 2024, which is lower than the previous month and the long-term average. Maryland's overall unemployment rate is 3.1%, one of the lowest in the nation. The labor force participation rate in Maryland remains high at 65.6%, above the national average.
Major industries driving job growth include healthcare, professional and scientific services, finance, and information sectors. Employers such as Johns Hopkins and major tech companies like Amazon, Google, and Microsoft are significant players in the job market. The cybersecurity sector is particularly thriving, with Maryland leading the nation in cyber job openings and Baltimore County having 16,000 open positions.
Recent developments include a 33% projected growth in cybersecurity jobs by 2025 and a strong presence of educational and training initiatives from institutions like the University of Maryland. Government investments and federal designations, such as Baltimore being selected as a federal Tech Hub, further support the tech ecosystem.
Seasonal patterns show fluctuations in unemployment rates, but overall, the trend is positive. Commuting trends are not specifically highlighted in recent data, but the strong job market suggests a stable and growing workforce.
Government initiatives play a crucial role in supporting the job market through investments in education and partnerships with tech companies. The market evolution is marked by a shift towards high-tech industries, especially in AI, biotechnology, and cybersecurity.
Key findings include a booming tech sector, low unemployment rates, and high demand for skilled professionals in cybersecurity, data science, and AI.
Current job openings include:
- **Security Analyst**: Salaries range from $120,000 to $141,000, with a focus on threat analysis and network security.
- **Data Scientist**: Salaries up to $154,850, with roles in data analysis and AI.
- **Network Administrator**: Salaries ranging from $92,000 to $108,000, with a focus on network defense and management.
Employment in Baltimore is robust, with tech salaries ranging from $91,000 for entry-level roles to over $110,000 for experienced positions. Cybersecurity roles are especially in demand, with salaries for security analysts and network administrators reaching up to $141,000 and $108,000 respectively. Data science, cloud engineering, and AI roles are also highly sought after, with data scientists earning up to $154,850.
The unemployment rate in Baltimore stands at 3.90% as of December 2024, which is lower than the previous month and the long-term average. Maryland's overall unemployment rate is 3.1%, one of the lowest in the nation. The labor force participation rate in Maryland remains high at 65.6%, above the national average.
Major industries driving job growth include healthcare, professional and scientific services, finance, and information sectors. Employers such as Johns Hopkins and major tech companies like Amazon, Google, and Microsoft are significant players in the job market. The cybersecurity sector is particularly thriving, with Maryland leading the nation in cyber job openings and Baltimore County having 16,000 open positions.
Recent developments include a 33% projected growth in cybersecurity jobs by 2025 and a strong presence of educational and training initiatives from institutions like the University of Maryland. Government investments and federal designations, such as Baltimore being selected as a federal Tech Hub, further support the tech ecosystem.
Seasonal patterns show fluctuations in unemployment rates, but overall, the trend is positive. Commuting trends are not specifically highlighted in recent data, but the strong job market suggests a stable and growing workforce.
Government initiatives play a crucial role in supporting the job market through investments in education and partnerships with tech companies. The market evolution is marked by a shift towards high-tech industries, especially in AI, biotechnology, and cybersecurity.
Key findings include a booming tech sector, low unemployment rates, and high demand for skilled professionals in cybersecurity, data science, and AI.
Current job openings include:
- **Security Analyst**: Salaries range from $120,000 to $141,000, with a focus on threat analysis and network security.
- **Data Scientist**: Salaries up to $154,850, with roles in data analysis and AI.
- **Network Administrator**: Salaries ranging from $92,000 to $108,000, with a focus on network defense and management.