Mar 10 2025 3 mins
The job market in Baltimore is experiencing significant growth and transformation, 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, driven by focuses on AI, biotechnology, cybersecurity, healthcare IT, and software development. The city is home to over 400 tech startups and benefits from strong partnerships with universities like Johns Hopkins University, UMBC, and Morgan State University.
Employment in Baltimore is robust, with tech salaries ranging from $91,000 for entry-level positions to over $110,000 for experienced roles. The overall employment landscape is diverse, with major industries including healthcare, education, finance, tourism, and manufacturing. Top employers in the city include the Social Security Administration, the Johns Hopkins University System, the University of Maryland Medical System, and companies like Amazon and Under Armour.
Statistics show that Baltimore's unemployment rate has reached historic lows, with a rate of 3.2% as of the first quarter of 2023, indicating near full-employment. The labor force has seen a gradual recovery from the COVID-19 pandemic, with a 1.7% year-over-year increase in resident employment. Maryland's overall unemployment rate remains below the national average at 2.9% as of September 2024.
Key trends include a booming cybersecurity sector, with a 33% projected growth by 2025 and thousands of job openings, particularly in roles like Security Analyst and Penetration Tester. The healthcare tech and fintech sectors are also thriving, with companies like Cerebro Capital and Delfi Diagnostics contributing to the growth.
Major industries driving job growth include transportation, distribution, and logistics; construction; manufacturing; education; healthcare; government; financial services; and professional and business services. Recent developments highlight government initiatives to train 10,000 new cybersecurity professionals by 2025 and an increase in cybersecurity apprenticeships.
Seasonal patterns show job growth in sectors like arts, entertainment, and recreation, as well as healthcare and social assistance. Commuting trends are not specifically highlighted in recent data, but the city's strategic location on the East Coast supports its role as a hub for import and export activities.
Government initiatives are crucial, with a $10 billion federal investment program supporting tech initiatives and educational institutions. The market is evolving with a strong focus on diversity, with Baltimore startups showing higher diversity numbers than the national average.
Key findings indicate a strong and diverse job market in Baltimore, with significant growth opportunities in tech and other key sectors.
Current job openings include:
- Cybersecurity Analyst at Johns Hopkins University
- Software Developer at a local startup
- Healthcare IT Specialist at the University of Maryland Medical System
Employment in Baltimore is robust, with tech salaries ranging from $91,000 for entry-level positions to over $110,000 for experienced roles. The overall employment landscape is diverse, with major industries including healthcare, education, finance, tourism, and manufacturing. Top employers in the city include the Social Security Administration, the Johns Hopkins University System, the University of Maryland Medical System, and companies like Amazon and Under Armour.
Statistics show that Baltimore's unemployment rate has reached historic lows, with a rate of 3.2% as of the first quarter of 2023, indicating near full-employment. The labor force has seen a gradual recovery from the COVID-19 pandemic, with a 1.7% year-over-year increase in resident employment. Maryland's overall unemployment rate remains below the national average at 2.9% as of September 2024.
Key trends include a booming cybersecurity sector, with a 33% projected growth by 2025 and thousands of job openings, particularly in roles like Security Analyst and Penetration Tester. The healthcare tech and fintech sectors are also thriving, with companies like Cerebro Capital and Delfi Diagnostics contributing to the growth.
Major industries driving job growth include transportation, distribution, and logistics; construction; manufacturing; education; healthcare; government; financial services; and professional and business services. Recent developments highlight government initiatives to train 10,000 new cybersecurity professionals by 2025 and an increase in cybersecurity apprenticeships.
Seasonal patterns show job growth in sectors like arts, entertainment, and recreation, as well as healthcare and social assistance. Commuting trends are not specifically highlighted in recent data, but the city's strategic location on the East Coast supports its role as a hub for import and export activities.
Government initiatives are crucial, with a $10 billion federal investment program supporting tech initiatives and educational institutions. The market is evolving with a strong focus on diversity, with Baltimore startups showing higher diversity numbers than the national average.
Key findings indicate a strong and diverse job market in Baltimore, with significant growth opportunities in tech and other key sectors.
Current job openings include:
- Cybersecurity Analyst at Johns Hopkins University
- Software Developer at a local startup
- Healthcare IT Specialist at the University of Maryland Medical System