Baltimore Cuts Fewer Jobs in 2009

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Just about every U.S. city has taken an economic hit within the past two years; there’s no denying that. But some cities have been luckier than others, particularly when it comes to local job markets.

Baltimore was one such city in 2009. Though nearly 15,000 jobs were lost in 2008, 2009 saw the fall of only 790 positions. While still quite a hefty loss, it was far less than expected by local economic experts. So what accounted for the difference?

One could argue that the city’s largest areas facing trouble had already cut their losses the year before, which makes perfect sense. But the health and education sectors did grow this year in the area.

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Baltimore Job Outlook

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BaltimoreBaltimoreBaltimore is situated in a very strategic business location.  It’s got an excellent transportation and shipping infrastructure already built in and around the city itself.  There are also many new biotech and medical research firms that have headquarters in the Baltimore area, since the Human Genome Project’s headquarters are found here as well.  Baltimore is home to a diverse set of employment fields ranging from the healthcare industry to government and financial sectors.  Recently Baltimore has added extensive shopping and tourist attractions to its downtown area and has refurbished and rebuilt much of the older parts of town.  This urban renewal, which was started in earnest in the late 1990’s, has played out well for the city, drawing many tourists and shoppers alike.  Currently, with American consumers less and less willing to spend money, this shopping mecca has be

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