March 2010

Baltimore Cuts Fewer Jobs in 2009

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.