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Eye on the Economy: An Interactive Look at Maryland and the Regional Economy in June 2019

Interactive Look at Maryland and the Regional Economy

• The most recent jobs report showed that between May and June, Maryland lost 8,000 Total Private jobs while gaining 1,000 Government jobs, resulting in an overall loss of 7,000 Total Nonfarm positions.

• Maryland’s loss of 7,000 Total Nonfarm positions is the largest monthly decrease in total jobs since August 2011.

• The unemployment rate for Maryland remained constant at 3.8 percent in June.

• With this issue, we’re introducing a video highlighting the latest data and a few news items we’re following.

From Our Blog

Six Baltimore Symphony Musicians

Not only is the Baltimore Symphony Orchestra an important part of the cultural and civic landscape in Baltimore City, it's also an important part of the local economy as well—orchestra performances can attract audience members from all across the region, who may then visit restaurants, shops, and other businesses in the city. MORE

RESI in the News

‘To excite and inspire’: preview of Aberdeen science center to open this fall
The Baltimore Sun, 07/08/2019
Starting this fall, the Amtrak station in Aberdeen is set to host a 1,200 square foot preview of the APG Discovery Center, a science and technology center with plans to open in 2022. The preview center will include a number of interactive exhibits exploring robotics, computer science, and virtual reality. The exact plans for the full center are still uncertain, but a report by RESI found that the full APG Discovery Center has the potential to generate between $1 million and $13 million in annual economic output, depending on the number of visitors.

Jobs abound in D.C., study shows
The Washington Informer, 06/19/2019
For the state of Maryland, predictions are for a fairly strong economy — about 58,000 jobs for 2019, said Daraius Irani, a WalletHub expert and vice president of strategic partnerships and applied research and chief economist of the Regional Economic Studies Institute at Towson University. “But expect to see minor job losses in 2020 of about 2,000 and accelerating in 2021 to about 19,000 given current conditions,” Irani said.

Towson University, 7400 York Road, Towson MD 21204

resi@towson.edu | 410-704-7374

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