Nearly 3,000 businesses or business locations shut down in Maryland in recessionary 2009, the Census Bureau said Thursday.
The new figures, which track employers of all sizes, also show a loss of 110,000 private-sector jobs from March 2008 to March 2009 — a bigger hit than earlier estimates from the U.S. Department of Labor had suggested. The Labor Department measured the private-sector drop at 83,000 jobs.
The Census Bureau's data is drawn primarily from businesses' tax filings to the Internal Revenue Service, while the more-timely Labor Department figures come from surveys.
Like the nation as a whole, Maryland lost about 2 percent of its establishments — entire businesses or certain locations of businesses, such as an office or a store — in 2009, the Census Bureau said. The state fared better than the country in job loss, with a 4.9 percent drop in employment compared with 5.3 percent nationwide.
jhopkins@baltsun.com
twitter.com/realestatewonk
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The new figures, which track employers of all sizes, also show a loss of 110,000 private-sector jobs from March 2008 to March 2009 — a bigger hit than earlier estimates from the U.S. Department of Labor had suggested. The Labor Department measured the private-sector drop at 83,000 jobs.
The Census Bureau's data is drawn primarily from businesses' tax filings to the Internal Revenue Service, while the more-timely Labor Department figures come from surveys.
Like the nation as a whole, Maryland lost about 2 percent of its establishments — entire businesses or certain locations of businesses, such as an office or a store — in 2009, the Census Bureau said. The state fared better than the country in job loss, with a 4.9 percent drop in employment compared with 5.3 percent nationwide.
jhopkins@baltsun.com
twitter.com/realestatewonk
Text BUSINESS to 70701 to get Baltimore Sun Business text alerts
