This was supposed to be a decent year for job growth in Maryland. With the nation’s economy now in recovery and adding jobs, positive base realignment effects, cyber-security, healthcare, higher education, the Port of Baltimore, BWI, retail and other industry drivers, expectations were probably higher coming into the year than at any point since 2007.
But the state’s job engine has generally sputtered. According to the most recent data available from the Bureau of Labor S... [More]
Focus Shifts from Growth to Inflation
Economy Now Enjoys Self-Sustaining Momentum
Coming into 2011, economists remained largely fixated on the inadequacy of demand for labor, housing, commercial real estate and other aspects of economic life. Economists have been busily pouring over reams of data regarding senior bank loan officer attitudes, consumer credit availability and other indicia of credit market thawing. The conventional wisdom has been that until banks begin lending more aggressively... [More]
Equity Markets and Economy Have Turned for the Better
Why Economic Activity may not Accelerate as Dramatically as Expected this Year
A combination of ongoing stimulus and recent economic momentum has induced many economists to ratchet up their 2011 forecasts and there are plenty of reasons to be optimistic. Consumer spending has been rising, with retail and food services sales up 7.7 percent between November 2009 and November 2010. Auto sales have also been edging higher, including a... [More]