Maryland sheds 8,500 jobs in June, unemployment rate increases

BALTIMORE, MD—Maryland’s workforce decreased by 8,500 total jobs in June 2025, led by a net loss of 2,900 jobs in the public sector, according to new estimates released Friday by the U.S. Department of Labor’s Bureau of Labor Statistics (BLS). This 2,900 overall public sector decrease includes an estimated decrease of 3,500 federal government jobs, based on data reported to […]

Gas prices creep up as oil markets tighten

BALTIMORE, MD—For the first time in three weeks, the national average price of gasoline has risen, increasing 2.0 cents over the past week to $3.11 per gallon, according to GasBuddy data compiled from more than 12 million individual price reports. Diesel prices also saw an uptick, climbing 3.2 cents to $3.676 per gallon. Despite the recent increase, the national average […]

Maryland unveils first Business Ready Sites grants to spur economic growth

ANNAPOLIS, MD—Maryland Governor Wes Moore has announced the first round of grant awards for the Maryland Business Ready Sites Program, a new initiative aimed at accelerating the development of “shovel-ready” sites to attract and retain businesses across the state. The program, established by the governor’s economic competitiveness executive order, is designed to spur private sector investment and create jobs by […]

Gas prices expected to be lowest since 2021 for July 4th weekend

BALTIMORE, MD—Americans hitting the road for the Independence Day holiday can expect to see significantly lower gas prices, with the national average projected to fall to $3.15 per gallon. This marks the lowest July 4th gas price since 2021, according to a forecast released Monday by GasBuddy. The anticipated price is nearly 35 cents lower than last year’s July 4th […]

National gas prices climb amid escalating Middle East tensions

BALTIMORE, MD—The national average price of gasoline has surged for the second consecutive week, rising 9.7 cents to $3.18 per gallon, as tensions in the Middle East escalate following attacks between Israel and Iran and recent U.S. strikes on Iranian nuclear facilities, according to data released Monday by GasBuddy. Diesel prices have also seen a significant jump, increasing 16.1 cents […]

Federal Reserve holds interest rates steady

WASHINGTON, DC—The Federal Reserve on Wednesday maintained its benchmark interest rate, signaling two potential rate reductions later this year despite revised projections for higher inflation and slower economic growth. The Federal Open Market Committee (FOMC) kept its key borrowing rate targeted in a range between 4.25% and 4.5%, a level it has held since December. Markets had widely anticipated no […]

Gas prices inch higher on Iran/Israel attack, more increases coming

BALTIMORE, MD—The average price of gasoline in the United States has risen for the first time since May, increasing 1.1 cents over the past week to $3.08 per gallon, according to data released Monday by GasBuddy. The uptick is attributed to surging oil prices following recent attacks between Israel and Iran. Despite the weekly rise, the national average remains 9.5 […]