Hero Image

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

image name

• The most recent jobs report showed that between November and December, Maryland added 4,900 Total Nonfarm positions, including 4,200 Total Private jobs and 700 Government jobs.

• Maryland’s largest employment gains were made in the Professional and Business Services and Education and Health Services with increases of 1,900 positions each.

• Preliminary employment figures for November were revised down by 1,700 jobs to a net gain of 6,200 positions.

• The unemployment rate for Maryland was 3.9 percent in December—the same as the national unemployment rate—and was a slight decrease from November’s figure of 4.0 percent.

From Our Blog

Report on Disparities in Baltimore City

Baltimore Homes

Did you miss our recent webinar? Watch it to learn more about our independent research on how Baltimore City neighborhoods compare to each other and to countries around the world. VIEW WEBINAR

RESI in the News

The 10 Best Cities to Find a Job in 2019
CNBC, 01/04/2018

Economists have expressed mixed views on Maryland’s economy over the coming years, with some more pessimistic due to increasing interest rates, trade disputes, and increasing interest rates. RESI Chief Economist Dr. Daraius Irani has predicted growth in 2019, however he has also forecasted no growth in 2020 and a slight decline in 2021. While he indicated some areas of the state’s economy were strong—including healthcare, construction, financial services and technical services—his concerns for Maryland’s economy include filling the needed roles in nursing and technology and educational disparities.

Federal Government Shutdown Taking a Toll on Maryland Businesses
The Daily Record, 01/13/2018

According to the Maryland Department of Commerce, approximately 1,620 prime contractors in Maryland worked for agencies during fiscal year 2018 that are currently impacted by the federal shutdown. Because these contractors are not anticipated to receive back pay, they may be more heavily affected than federal employees. When asked about the economic impact of the shutdown on these contractors, Raquel Frye of the Regional Economic Studies Institute of Towson University stated, “If it’s enough of an impact for several weeks, I don’t know that (small businesses would) be able to float that for that long."

Upcoming Webinar

We Have to Talk. Navigating Difficult Conversations.
January 29 | 1:00–2:00 p.m.

Baltimore Homes

Having uncomfortable conversations at work is never easy, no matter who it's with. Avoiding them, however, is a poor strategy. Join our Towson University Leadership & Organizational Development colleagues for a nuts-and-bolts webinar to learn how to navigate those difficult conversations.

Towson University, 7400 York Road, Towson MD 21204

resi@towson.edu | 410-704-7374

insta > fb tw