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Eye on the Economy: An Interactive Look at Maryland and the Regional Economy in September 2022

Interactive Look at Maryland and the Regional Economy
  • The most recent jobs report showed that in September 2022, Maryland gained a total of 5,300 Total Nonfarm jobs.
  • The official unemployment rate for Maryland decreased to 4.0 percent.

Join us for the Economic Outlook Forum

Economic Outlook Forum

Tuesday, November 15, 8:15-10:30 a.m.
StarTUp at the Armory

Join RESI and community and business leaders for the 2022 Economic Outlook Forum. Chief Economist Dr. Daraius Irani will provide the annual economic outlook forecast for our state with a focus on the various regional, national and international events and trends impacting Maryland’s economy.

RESI in the News

Over 11,000 runners to participate in Saturday’s Baltimore Running Festival
Endurance Sportswire, October 11, 2022

On October 15, the 21st annual Baltimore Running Festival will kick off in the Inner Harbor. Event planners project that an estimated 11,000 runners will participate in this year’s festivities, bringing local traffic to the city’s businesses. According to a report produced by Towson University’s Regional Economic Studies Institute (RESI), the festival generates an estimated annual economic impact of $40 million. The same report noted that since its inception in 2001, the festival has raised more than $14 million for local charities.

Voters uncertain whether next Maryland governor can allay their 'kitchen table' economic concerns
Baltimore Sun, September 30, 2022

As inflation continues to rise and everyday goods like groceries and gas become harder and harder to afford, Maryland voters are focused on economic concerns this election. It’s uncertain how economic frustrations will impact voter turnout and party representation in the upcoming election for governor. RESI Chief Economist Daraius Irani commented that, “Voters are obviously very concerned about these kitchen table issues. These things are front and center, but state and local government can’t do much about them.” “The question is if candidates for governor… will be able to provide solutions that may be able to mitigate some of the impact. It’s really unclear whether either candidate can move the needle one way or another,” Dr. Irani elaborated.

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