Eye on the Economy: An Interactive Look at Maryland and the Regional Economy in August 2021

• The most recent jobs report showed that in August 2021, Maryland gained a total of 11,900 Total Nonfarm jobs.

• The official unemployment rate for Maryland decreased to 5.9 percent..

Thursday, November 4, 2021 | 8:30 a.m. Breakfast, 9 a.m. Forum | StartTUp at the Armory

Join RESI and community and business leaders for the 2021 Economic Outlook Forum. RESI Chief Economist Dr. Daraius Irani will provide the annual economic forecast for our state, with a focus on COVID-19 economic recovery and capital investments being made in Towson.

Ongoing pandemic continues to add to worker shortage in Maryland
WBAL-TV 11, September 16, 2021

Despite Maryland’s job recovery in July, many employers report difficulty hiring for in-person positions. One study found that only 1 in 8 unemployed workers found employment in August. RESI Chief Economist Daraius Irani believes that living through the pandemic has caused a lot of people to rethink their career choices. Irani stated, “There are a number of factors. First of all, accessible child care. People are looking at different career options, more flexibility in their careers. People are opting for early retirement.”