An Interactive Look at Maryland and the Regional Economy in November 2018

• The most recent jobs report showed that between October and November, Maryland added 7,900 Total Nonfarm positions, including 7,400 Total Private jobs and 500 Government jobs.

• Maryland’s largest employment gains were made in the Professional and Business Services supersector which rose by 4,700 positions, followed by an increase of 2,300 positions in the Leisure and Hospitality supersector.

• The unemployment rate for Maryland was 4.0 percent in November, a slight decrease from October’s figure of 4.1 percent.

Interact with the November Report

Upcoming Webinar

Human Development Index Disparities in Baltimore City
January 10 | 2:00–3:00 p.m.

In Baltimore City, children raised in two different neighborhoods separated by a single street could be living in environments that are worlds apart. Join this webinar to learn how human development disparities correspond to very different realities and outcomes.

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From Our Blog

The Game Theory of Black Friday

Game theory applies to situations where one person’s decision is influenced by another person’s actions. In economics, game theory is especially relevant in light of recent consumer events: namely Black Friday. MORE

Woman looking at house listing on tablet

Analyzing Shifts in the Housing Market

Only time will tell if the shifting housing market will continue to cool, though potential buyers and sellers will be closely watching for the right time to act. MORE

A Closer Look at Median Household Income

Median household income is an important metric when considering how households fare over time in the economy. However, the single data point doesn’t capture the entire picture. MORE

RESI in the News

While 2019 Economic Outlook is Good, Less Optimism Looms for Future
The Daily Record, 12/21/2018

Economists have expressed mixed views on Maryland’s economy over the coming years, with some more pessimistic due to increasing interest rates, trade disputes, and increasing interest rates. RESI Chief Economist Dr. Daraius Irani has predicted growth in 2019, however he has also forecasted no growth in 2020 and a slight decline in 2021. While he indicated some areas of the state’s economy were strong—including healthcare, construction, financial services and technical services—his concerns for Maryland’s economy include filling the needed roles in nursing and technology and educational disparities.

Ground Up Podcast: Regional Economy Navigates Federal Shutdown, Crime and Interest Rate Hikes
The Daily Record, 12/22/2018

RESI Chief Economist Dr. Daraius Irani discusses economic factors in the region, including the federal shutdown and the impact of crime on businesses.

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