baltimoresun.com

« Hopkins' Hanke: 'tectonic' currency change coming | Main | House prices follow Geithner's "adverse" forecast »

May 23, 2009

Where the jobs are: Government

Don’t necessarily bet on a corporate employer if you’re a new grad or other job seeker. Nearly all the Maryland sectors adding more jobs than they’re shedding are financed by the taxpayer, according to new government figures.

Private Maryland companies ditched 78,000 jobs during the 12 months ending in April while state, local and federal government added 6,000, says the U.S. Labor Department.

That’s the worst showing for both sectors in more than a decade, but at least government on the whole is hiring. Most growth is in federal jobs, as the Census Bureau gets ready for the 2010 head count, and in state-employed teachers.

Of the private employers that are hiring, many seek seasonal help for summer tourism. Even in that industry, helped by lower gas prices, total jobs should be lower than last year. And hospitals, clinics and social services employers are still adding positions.

Beyond that it’s a matter of finding the “least bad” sectors. Manufacturing, finance and construction are in the tank. Utilities, telecom and transportation services seem to be holding their own, but they’re vulnerable unless the economy starts improving.

Posted by Jay Hancock at 8:00 AM | | Comments (0)
Categories: The Great Recession
        

Post a comment

All comments must be approved by the blog author. Please do not resubmit comments if they do not immediately appear. You are not required to use your full name when posting, but you should use a real e-mail address. Comments may be republished in print, but we will not publish your e-mail address. Our full Terms of Service are available here.

Please enter the letter "a" in the field below:
About Jay Hancock
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Wednesdays and Fridays.
-- ADVERTISEMENT --

Most Recent Comments
Resources and Sun coverage
Stay connected