Despite Braking Economy, Housing Moves Ahead
After re-accelerating late last year and during the initial months of 2012, the pace of economic growth and job creation has slowed more recently. In June, national employment expanded by just 80,000 jobs according to the Bureau of Labor Statistics. June represented the third consecutive month during which national job creation was well below 100,000 jobs. During the first three months of the year, the nation's average monthly employment gain was 226,... [More]
Anirban Basu, Chairman & CEO of Sage Policy Group, Inc.
Job creation has picked up in Maryland. After stumbling for much of the previous summer, recent months have been very positive from a job growth perspective. The working hypothesis is that this represents economic multiplier effects related to base realignment activities at Fort George G. Meade in Anne Arundel County and at Aberdeen Proving Ground in Harford County.
Between February 2011 and February 2012, emplo... [More]
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]