Workforce management is a critical component of a business’ success. In today’s highly competitive market, businesses are strategizing — more than ever — how to effectively attract the right number of employees with the right skills and at the the right cost.
Frederick’s vibrant business community, high quality of life, and strong educational & training systems have created a competitive advantage for locally-based employers when it comes to workforce. Drawing recognition including: “Top 100 Best Places to Live in America,” “Best Small Metro Business Climate in the U.S.,” “Top U.S. Cities for Recent Grads” and “Top 10 Remote-Ready Cities in the U.S.,” Frederick has become a national leader in talent attraction and retention.
Below we take a deeper dive into the facts and figures of this thriving workforce:
Demographic Profile:
The population in The City of Frederick, MD is currently just over 78,000 residents. According to analysis of U.S. Census data by the Metropolitan Washington Council of Governments, The City of Frederick added more residents than all but one other municipality (Alexandria, VA) in the Washington region between 2010 and 2020.
The City currently has a civilian labor force of over 40,000, with a participation rate of 71.5% (Jobs EQ). The local workforce is highly-educated and skilled with easy access to three locally-based higher education institutions. 42.0% of residents in The City of Frederick between 25 - 65 years old have a bachelor’s degree or higher —as compared to 33.5% at the national level (Jobs EQ). Frederick is additionally located within the State with the second highest concentration of professional and technical workers, and the highest proportion of doctoral scientists and engineers in the nation.
Employment & Wage Trends:
At start of 2022, total employment for The City of Frederick, MD was 50,669 (based on a four-quarter moving average). Employment increased 3.7% in the region over the year prior. The average worker in The City of Frederick earned annual wages of $59,758 as of 2021Q4. Average annual wages per worker increased 3.1% in the region over the preceding four quarters. (Jobs EQ)
High Growth Industries in Frederick County:
The below data that features Frederick County’s high-demand industries was gathered by Frederick County Workforce Services. Click “explore more” to visit the organization’s webpage and learn about potential career pathways, local training resources, and Frederick employers specific to each field.
Our economic development team is available to provide tailored reports and statistics by request. Reach out to The City of Frederick’s Department of Economic Development for data requests that support operational or workforce development at 301.600.6360 or BusinessinFrederick@cityoffrederickmd.gov.