POPULATION
With an estimated population of 255,648, Frederick County’s population increased 9.5% from 2010 to 2018 according to the United States Census Bureau. During this time, Maryland’s population increased by 4.7%, bringing the state’s total estimated population to 6,042,718.
According to the University of Baltimore - Jacob France Institute, Frederick County added 4,918 millennials from 2010 to 2018, an increase of 18%, bringing the total millennial population to 32,585. Meanwhile, Maryland’s millennial population saw an increase of 9% and totaled 834,612.
JOB GROWTH
Frederick County continues to see job growth at a higher rate compared to the state of Maryland, according to the latest data released by the Maryland Department of Labor, Licensing and Regulation.
Frederick County, MD added 1,484 jobs from 4Q-2017 to 4Q-2018, for an overall increase of 1.45%. During this time period, the state of Maryland had a job growth rate of 0.9%, adding 24,227 jobs.
Frederick County ended 2018 with 104,088 jobs, representing 6,397 additional jobs since 2014 and an overall increase of 6.6% over the past five years. Maryland’s five year job growth rate was 4.6% during the same time frame.
Post-recession (2009-2018) Frederick County is growing more rapidly than Maryland as well as the Baltimore and Washington metro areas, and according to the Maryland Department of Planning, by 2040 Frederick County employment is projected to grow by 26% compared to 17% statewide.
Fig.1 Job Growth Comparisons
Year |
# of Frederick County Jobs |
Annual % Increase in Frederick County Jobs |
# of Maryland Jobs |
Annual % Increase in Maryland Jobs |
4Q-2018 |
104,088 |
1.4% |
2,706,931 |
0.9% |
4Q-2017 |
102,604 |
1.5% |
2,682,704 |
0.8% |
4Q-2016 |
101,098 |
0.7% |
2,661,935 |
1.1% |
4Q-2015 |
100,399 |
2.8% |
2,632,168 |
1.7% |
4Q-2014 |
97,691 |
2.4% |
2,588,039 |
1.3% |
Source: Maryland Dept of Labor, Licensing and Regulation
PRIVATE SECTOR
According to the Maryland Department of Labor, Licensing and Regulation, 87,432 employees or 84% of Frederick County’s employment base is private sector. Fig 2. provides a list of the major private sector employers in Frederick County.
Fig 2. Major Private Sector Employers
2019 Top 10 Private Sector Employers |
|
Company |
Employees |
Leidos Biomedical Research |
2,277 |
Wells Fargo Home Mortgage |
1,400 |
NVR, Inc. |
683 |
AstraZeneca |
675 |
Costco |
639 |
United Health Care |
613 |
Lonza |
464 |
Plamondon Companies |
445 |
Thermo Fisher Scientific |
430 |
Stulz ATS |
429 |
Honorable mentions: Legal & General America, Music & Arts, and RR Donnelley for employing over 350 people.