Thursday, May 2, 2013

County Job Growth up from 2010

According to our Department of Economic Development, employment in Montgomery County between 2010 and 2012 grew by nearly 25,000 jobs - from 631,154 jobs in 2010 to 655,824 jobs in 2012. That represents a 3.9 percent job growth rate. During the same period, job growth in Fairfax City and County was 3.6 percent and the District of Columbia was 2.8 percent. The Department used data provided by Economic Modeling Specialists Intl.

The County’s top job-gaining sector was professional, scientific and technical services, which added almost 5,300 jobs from 2010 to 2012. The other top growing sectors were government, retail trade, and health care and social assistance, each adding over 3,000 jobs during the three year period.

Contributing to the County’s increase in jobs were several Top 50 employers. The Financial Industry Regulatory Authority, with four offices in Rockville, added nearly 330 jobs, the most of the Top 50 employers. Just behind them was Capital One, adding almost 300 jobs, followed by the Henry M. Jackson Foundation and MedImmune, which each added more than 200 jobs.

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