Author: Katie (Catherine) Menking

Eye on the Economy: An Interactive Look at Maryland and the Regional Economy in January 2018

For years, the Regional Economic Studies Institute (RESI) at Towson University has provided monthly updates on Maryland’s economy. RESI Chief Economist, Dr. Daraius Irani, recently unveiled the newest tool to allow you to understand the economy of Maryland and the Mid-Atlantic Region: The Mid-Atlantic Regional Employment Workbook. The interactive dashboard allows you to see how the regional economy is changing for 29 different industries. Read on to see how the region’s economy is changing and to use the dashboard to solve questions relating to your business. January’s jobs report includes revisions to the previously released (and somewhat dismal) December...

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Eye on the Economy: An Interactive Look at Maryland and the Regional Economy in December 2017

The Regional Economic Studies Institute (RESI) at Towson University is the source for the latest data and analysis on Maryland’s economy. Each month, the experts at RESI provides an analysis of the latest Maryland unemployment numbers. This analysis ensures business leaders have key information needed to determine how Maryland’s economic status impacts their organization. December’s jobs numbers were released as scheduled from the Bureau of Labor Statistics, despite the temporary government shutdown. In Maryland, Total Nonfarm employment decreased by 20,200 jobs, a 0.7% decrease from November. Conversely, neighboring states in the Mid-Atlantic region (Virginia, Pennsylvania, Delaware, and Washington, D.C.)...

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The Great American Eclipse of 2017: A Boom for Business

The Great American Eclipse of 2017 is over, with the next significant viewing opportunity in the U.S. expected in 2024. With such a highly-anticipated event that was visible to all of North America, there have been a multitude of articles discussing the associated economic booms and productivity losses. For towns in 14 states that were in the path of totality, or the 70-mile wide band in which the sun was completely obscured by the moon, an influx of tourists presented an opportunity for economic gains, albeit some logistical headaches. The demand for eclipse-watching spots in the path of totality...

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Medical Staffing Shortage: A Case of Supply and Demand

For my first blog post, I thought I would delve into something that is not only relevant to Maryland’s healthcare system and economy, but also significant on a worldwide scale: medical staffing. There is a major global shortage of healthcare workers, and one that will become more severe as the population grows and ages. The World Health Organization has estimated that by 2035 there will be a global deficit of 12.9 million skilled healthcare professionals, compared to a 2013 shortage estimate of 7.2 million. In the U.S., the Census estimates that the number of Americans aged 65 years or...

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