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

The most-recent jobs report showed that between February and March, Maryland gained 3,200 Total Nonfarm jobs, including an increase of 3,100 Total Private jobs and 100 Government jobs. The greatest gains were in the Professional and Business Services supersector with an increase of 1,500 jobs, while Trade, Transportation, and Utilities gained 1,400 jobs. Mining, Logging, and Construction and Leisure and Hospitality each posted gains of 700 jobs. Financial Activities, Manufacturing, and Education and Health Services had losses of 500, 300, and 300 jobs, respectively. These job gains represent industries across a wide range of skill and income levels, presenting...

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

February’s jobs report showed that between January and February, Maryland lost 3,200 Total Nonfarm jobs, including a decrease of 3,500 Total Private jobs and a gain of 300 Government jobs. The greatest losses were in the Professional and Business Services supersector with a decrease of 4,800 jobs, while Trade, Transportation, and Utilities gained 1,700 jobs and Mining, Logging, and Construction gained 1,500 jobs. The unemployment rate for Maryland is 4.2%, up slightly from 4.1% last month. This increase may be partially impacted by the slightly-greater labor force of 2,600 additional workers. Neighboring states in the Mid-Atlantic region (Virginia, Pennsylvania,...

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

January’s jobs report includes revisions to the previously released (and somewhat dismal) December 2017 figures from the Bureau of Labor Statistics (BLS). While the unemployment rate was revised up to 4.1% for December (initial December unemployment rate reported was 4.0%), Total Nonfarm employment in December was revised to 11,000 job losses—a reduction to the 20,200 job losses figure initially reported. Between December and January, Maryland added 12,900 Total Nonfarm jobs, including employment gains of 14,600 Total Private jobs and a loss of 1,700 Government jobs. Maryland made the greatest gains in the Professional and Business Services supersector, adding 6,700...

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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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Eye on the Economy: An Interactive Look at Maryland and the Regional Economy in November 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, RESI Chief Economist Dr. Daraius Irani provides an analysis of the latest Maryland unemployment numbers. His analysis ensures business leaders have key information needed to determine how Maryland’s economic status impacts their organization. November’s jobs numbers, released last week from the Bureau of Labor Statistics, were mixed for Maryland at first glance. On the one hand, Total Nonfarm employment increased by 5,400 jobs, a 0.2% increase from October. This increase was especially good considering the other...

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Eye on the Economy: Maryland and the Regional Economy in October 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, RESI Chief Economist Dr. Daraius Irani provides an analysis of the latest Maryland unemployment numbers. His analysis ensures business leaders have key information needed to determine how Maryland’s economic status impacts their organization. For years, RESI has provided monthly updates on the state of Maryland’s economy. Earlier this year, we updated our monthly report to include Maryland’s neighbors in the Mid-Atlantic Region to give you context for the changes to our economy. This month, we are...

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Eye on the Economy: Maryland and the Regional Economy in September 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, RESI Chief Economist Dr. Daraius Irani provides an analysis of the latest Maryland unemployment numbers. His analysis ensures business leaders have key information needed to determine how Maryland’s economic status impacts their organization. On Friday, the Bureau of Labor Statistics released its preliminary employment estimates for Maryland in September 2017. For the fifth straight month, Maryland’s unemployment rate dropped to a new low, where it now sits at 3.8 percent. The unemployment rate for other states in the Mid-Atlantic Region...

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Eye on the Economy: Maryland and the Regional Economy in August 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, RESI Chief Economist Dr. Daraius Irani provides an analysis of the latest Maryland unemployment numbers. His analysis ensures business leaders have key information needed to determine how Maryland’s economic status impacts their organization. On Friday, the Bureau of Labor Statistics released its preliminary employment estimates for Maryland in August 2017. For the fourth straight month, Maryland’s unemployment rate fell by a tenth of a percent where it now sits at 3.9 percent. Maryland’s labor force grew by roughly 5,000 people...

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Eye on the Economy: Maryland and the Regional Economy in July 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, RESI Chief Economist Dr. Daraius Irani provides an analysis of the latest Maryland unemployment numbers. His analysis ensures business leaders have key information needed to determine how Maryland’s economic status impacts their organization. On Friday, the Bureau of Labor Statistics released its preliminary employment estimates for Maryland in July 2017. For the third straight month, Maryland’s unemployment rate fell by a tenth of a percent where it now sits at 4.0 percent. This is great news,...

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Eye on the Economy: Maryland and the Regional Economy in June 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, RESI Chief Economist Dr. Daraius Irani provides an analysis of the latest Maryland unemployment numbers. His analysis ensures business leaders have key information needed to determine how Maryland’s economic status impacts their organization. On Friday, the Bureau of Labor Statistics released its preliminary employment estimates for Maryland in June 2017. For the second straight month, Maryland’s unemployment rate fell by a tenth of a percent where it now sits at 4.1 percent. This is great news,...

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