Pace of Job Growth Remains Lackluster

by Anirban Basu 18. October 2011
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]

Is the Cost of Living and Inflation Higher in Washington-Baltimore Area?

by Anirban Basu 18. July 2011
The Difference between Inflation and Cost of Living Inflation is defined as an increase or change in the general price level. Generally, inflation is viewed negatively since (all things being equal) an increase in prices reduces purchasing power. The cost of living can be understood as the general price level itself. In other words, a place that is terribly inexpensive to live in can be associated with high inflation, though if that high inflation persists, that place will not remain inexpensive... [More]

Maryland's Economy: There is Still Plenty of Reason for Concern, but the Reasons Have Changed

by Anirban Basu 15. April 2011
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]


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