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Eye on the Economy: A Look at Maryland and the Regional Economy in December 2025

Interactive Look at Maryland and the Regional Economy
  • The most recent jobs report showed that between August 2025 and September 2025, Maryland lost 9,000 Total Nonfarm jobs.
  • The official unemployment rate for Maryland increased to 3.8 percent.

RESI in the News

President Trump says he's fixing affordability problems. A Towson University economist isn't so sure
WBAL-TV, December 9, 2025

RESI Chief Economist Daraius Irani spoke with WBAL about the current economy, noting that many Americans are still dealing with high prices on groceries and other goods. Although inflation has slowed, this only results in slower increases in prices and does not reduce the costs for consumers. He also noted that Trump’s tariffs act as an additional slowdown on the economy, both resulting in increased prices for certain goods and harming businesses that rely on exports as countries have responded with retaliatory tariffs of their own.

Smart cuts or new taxes? Economists talk Baltimore’s 10-year plan to ‘save’ $2.5B
The Baltimore Sun, December 4, 2025

Baltimore recently announced a plan to save $2.5 billion over the next 10 years, which has earned praise from some local economists even as they note that the plan includes significant increases in tax revenue despite the language of “saving” money. This plan includes an increase in income tax for persons making over $500,000, as well as changes to property taxes that would decrease the tax rate while allowing the assessed value of homes to increase at a faster pace. RESI Chief Economist Daraius Irani also praised a recent proposal to increase taxes on vacant properties, which will increase revenues while encouraging people who own these properties to either put them to use or sell them.

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