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

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• The most recent jobs report showed that between August and September, Maryland added 1,200 Total Nonfarm jobs including a decrease of 400 Total Private jobs and an increase of 1,600 Government jobs.

• Maryland’s largest employment gains were made in the Leisure and Hospitality supersector, while the most-significant declines were in the Trade, Transportation, and Utilities supersector.

• The unemployment rate for Maryland was 4.2 percent in September, unchanged from August.

Better Know Your Ballot: The Education Lockbox Amendment

In advance of the 2018 General Election, the Regional Economic Studies Institute at Towson University is providing information about down-ballot items that relate to Maryland’s economic and/or fiscal policies. In this installment, we discuss Statewide Ballot Question 1. MORE

Abundance of Bonds Issues

Voters in Baltimore City, Baltimore Co., and Prince George’s Co. will determine which projects will be funded by bond issues over the next two years. MORE

Upcoming Event

Register for the 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

RESI in the News

Amazon’s $15 an Hour Wage Hike Could Pressure Other Retailers and Employers
Baltimore Sun, 10/02/2018

Starting in November, Amazon will raise the minimum wage to $15 per hours for all of their employees. According to RESI's Chief Economist Dr. Daraius Irani, “This increase might attract people on the sidelines now that wages are a little higher.” Dr. Irani states that due to the low unemployment rate, other employers may need to increase wages to compete and keep or entice new workers. However, Irani also adds that this wage pressure could prompt companies to look for cost-saving mechanisms such as automation: “So more people will get $15 an hour, but there will be fewer of them…Amazon can afford this but say a franchise with a McDonald’s in Baltimore may not. Or grocery stores, which run on slim margins.”

Fact Check on Gubernatorial Debate
WBAL, 9/25/2018

During a gubernatorial debate between current Governor Larry Hogan and candidate Ben Jealous, the parties made conflicting claims regarding topics including the Maryland economy. While Jealous stated the Maryland economy was “dead last in the region in job growth and dead last in income growth,” Governor Hogan claimed that, "We've had the greatest economic turnarounds in America. We are leading the region.” According to a fact check from the Regional Economic Studies Institute, “Maryland ranked 4 out of 5 in the region in terms of job growth and below the national average. Maryland ranks 3 out of 5 in terms of income growth.”

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