Maryland added over 38,000 total jobs in 2024, new data shows

BALTIMORE, MD—Maryland gained 38,400 jobs in 2024, experiencing a 1.4 percent employment growth rate, according to preliminary year-end estimates released by the U.S. Department of Labor’s Bureau of Labor Statistics (BLS). The private sector accounted for 27,300 of the new jobs. The state added 200 jobs in December, maintaining a labor force participation rate of 65.6 percent, significantly higher than […]

Cash App, Block Inc. settle with states over BSA/AML violations

BALTIMORE, MD—Block, Inc., the parent company of popular mobile payment service Cash App, has agreed to pay $80 million to settle with 48 state financial regulatory agencies, including Maryland, for violations of Bank Secrecy Act (BSA) and anti-money laundering (AML) laws. The settlement, announced by the Maryland Department of Labor’s Office of Financial Regulation, addresses deficiencies in Block’sBSA/AML program that […]

Maryland Department of Labor announces $1 million in funding to support healthcare worker training

BALTIMORE, MD—The Maryland Department of Labor this week announced $1 million in grant funding for frontline healthcare workers. The funding aims to recruit, retain, and develop the careers of these essential professionals. Applications are open now for the Direct Care Workforce Innovation Program and the Career Pathways for Healthcare Workers Program, with proposals due April 4, 2025. Grants will be […]

Governor Moore unveils $67.3 billion FY 2026 budget plan, vehicle and online delivery fee increases proposed

ANNAPOLIS, MD—Maryland Governor Wes Moore has released the Moore-Miller administration’s $67.3 billion budget proposal for fiscal year 2026. The plan focuses on four key areas: growing the economy, strengthening Maryland’s workforce, modernizing government, and fixing the state’s tax system. The proposal accomplishes these goals without raising sales or property taxes, while increasing taxes and fees elsewhere. “We are guided by […]

Governor Moore announces recommendations to modernize state permitting, remove barriers to employment

ANNAPOLIS, MD—Governor Wes Moore has announced preliminary recommendations from the Government Efficiency Commission to modernize Maryland’s occupational permitting and licensing processes. The recommendations aim to streamline vendor credentialing, improve permitting reliability and predictability, and eliminate employment barriers for all Marylanders. “Modernizing state government is not just a talking point for us — it’s a governing philosophy,” Moore said. “As we […]

Maryland reaches multistate $20 million settlement with mortgage servicing company over data breach

BALTIMORE, MD—Bayview Asset Management, LLC, a mortgage company, and three of its affiliates have agreed to a $20 million settlement with 53 state regulators following a 2021 data breach that affected 5.8 million customers nationwide, including 124,000 in Maryland. The settlement, announced by the Maryland Department of Labor’s Office of Financial Regulation, addresses deficient cybersecurity practices and compliance failures by […]

Governor Moore signs economic development executive orders

ANNAPOLIS, MD—Maryland Governor Wes Moore signed three executive orders this week to boost economic development and modernize state government. The orders focus on fostering the Advanced Air Mobility industry, expanding broadband access, and streamlining the Governor’s Office of Community Initiatives. The first executive order (PDF) establishes the Maryland Advanced Air Mobility Council, which will lead the state’s efforts to capitalize […]

Maryland adds an estimated 7,100 jobs in November, unemployment rate inches higher

BALTIMORE, MD—Maryland’s employment numbers continued their positive trajectory in November, adding 7,100 jobs, according to preliminary estimates released by the U.S. Department of Labor’s Bureau of Labor Statistics (BLS). This brings the total number of jobs added in Maryland in 2024 to 40,900. The growth was primarily driven by the private sector, which added 5,400 jobs in November. This puts […]