Economy Archives - Page 2 of 34

Maryland adds 3,600 private sector jobs, unemployment rate increases in February

Posted on March 22, 2024 by Chris Montcalmo

BALTIMORE, MD—The U.S. Department of Labor’s Bureau of Labor Statistics on Friday released state jobs and unemployment data. According to the preliminary survey data, Maryland added 3,600 private-sector jobs and the unemployment rate increased to 2.4% in February, the fourth-lowest rate in the nation. Sectors that created jobs include: Private Education and Health Services (2,000); Leisure and Hospitality (1,400); Mining, […]

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Maryland ranks 1st among states where mortgage debt is increasing the most, WalletHub study

Posted on March 22, 2024 by Chris Montcalmo

BALTIMORE, MD—Americans owe more than $12 trillion on their mortgages, and the personal-finance website WalletHub this week released its report on the States Adding the Most Mortgage Debt to show where homeowners are struggling the most. WalletHub compared the 50 states based on its proprietary data on mortgage debt from Q3 2023 to Q4 2023. Maryland topped the list, with […]

BWI Marshall Airport sets new record for international passenger traffic in 2023

Posted on March 21, 2024 by Chris Montcalmo

BALTIMORE, MD—Baltimore/Washington International Thurgood Marshall Airport set a new record for international passenger traffic in 2023. The airport recorded 1,365,847 international passengers, which is 2.58% higher than the previous record set in 2018. “BWI Thurgood Marshall Airport is a key economic driver and international gateway for our region,” said Governor Wes Moore. “We’re making Maryland more competitive, and BWI is […]

Gas prices rise for third straight week

Posted on March 18, 2024 by Chris Montcalmo

BALTIMORE, MD—For the third consecutive week, the nation’s average price of gasoline has risen, climbing 4.4 cents from a week ago to $3.44 per gallon this week according to GasBuddy data compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country. The national average is up 18.7 cents from a month ago and […]

Maryland’s unemployment rate increases, remains among lowest in nation

Posted on March 11, 2024 by Chris Montcalmo

BALTIMORE, MD—The U.S. Department of Labor’s Bureau of Labor Statistics on Monday released state jobs and unemployment data. According to the preliminary survey data, Maryland’s total jobs increased by 6,800 and the unemployment rate rose from a revised 2.2% in December to 2.3% in January. The state’s unemployment rate is currently the third best in the nation, according to the […]

Gas prices tick higher for second straight week

Posted on March 11, 2024 by Chris Montcalmo

BALTIMORE, MD—For the second straight week, the nation’s average price of gasoline has increased, climbing 6.2 cents from a week ago to $3.40 per gallon this week according to GasBuddy data compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country. The national average is up 23.0 cents from a month ago and […]

Gas prices see double digit jump as summer blend switch begins

Posted on March 4, 2024 by Chris Montcalmo

BALTIMORE, MD—After falling last week, the nation’s average price of gasoline has returned to a rise, climbing 10.0 cents from a week ago to $3.34 per gallon this week according to GasBuddy data compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country. The national average is up 22.0 cents from a month […]

Gas prices take a breather, but prepare for another hike

Posted on February 26, 2024 by Chris Montcalmo

BALTIMORE, MD—After weeks of steady climbing, the national average price of gasoline fell 1.9 cents on Monday to $3.24 per gallon, according to data released by GasBuddy. The price of diesel also fell 2.6 cents to $4.06 per gallon. The national average price of gasoline is currently 13.3 cents higher than last month but 9.2 cents lower than a year […]