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

• The most recent jobs report showed that between July and August, Maryland employment grew by 4,600 Total Nonfarm jobs, including an increase of 7,900 Total Private jobs and a decrease of 3,300 Government jobs.

• The unemployment rate for Maryland fell to 4.2 percent in August, down slightly from 4.3 percent in July.

• The Federal Reserve Bank of Richmond reported that employers are having persistent issues finding qualified workers amidst a tight labor market. However, wage increases were noted to be limited in the district.

• To help make more sense of the numbers, RESI has embedded the Mid-Atlantic Regional Employment Workbook into our monthly report.

Interact with the August Report

Minding the Gap: Economic Disparities and the Battle Over the Light Rail

Over the last few years, there has been quite a lot of discussion around Baltimore’s public transportation system. Much of this discussion has centered on the cancellation of the Red Line project, the subsequent redirection of those funds towards the highways, and a reorganization of the city bus system. MORE

Upcoming Events

Economic Outlook Forum

Join the Regional Economic Studies Institute and business leaders from across the region and enjoy breakfast and networking before RESI Chief Economist Dr. Daraius Irani provides the annual economic forecast for our state, followed by Q&A. REGISTER

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Network with a high-powered audience, meet TU Incubator member companies and partner organizations, and learn how they are improving education, increasing student engagement, and improving performance through technology. REGISTER

RESI in the News

Southwest Airlines has been a Boom to BWI and Maryland’s Economy for 25 Years
Baltimore Sun, 08/15/2018

Southwest Airlines, whose flights have been coming to Baltimore for the past 25 years, employ roughly 6,800 workers at BWI. The airline carried more than 18 million passengers though the Baltimore-Washington airport and generated around $6 billion for the region last year alone. According to RESI's Chief Economist Dr. Daraius Irani, “It has helped Maryland … It’s provided a great source of cheap, low-cost flights round the country for business travelers. They offer a great value for the money for the flying public.” Dr. Irani also mentioned that Southwest is “able to reinforce that there is good customer service in airlines… Whatever you can do to make people feel less miserable, that’s what Southwest does."

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