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]
Anirban Basu Chairman & CEO of Sage Policy Group, Inc
Maryland Gained Momentum Late Last Year
For much of last year, Maryland’s economic performance was among the worst in the nation. For instance, year-over-year job growth in the state was in negative territory or close to zero for most of the summer. But like the balance of the nation, economic performance began to materially improve toward the tail end of the year. For the 12 months ending in November 2011, employment in the Free S... [More]