BALTIMORE, MD—The U.S. Department of Labor’s Bureau of Labor Statistics released state jobs and unemployment data on Friday morning. According to the preliminary survey data, Maryland added 53,900 jobs and the unemployment rate decreased to 7.6% in July. In the last three months, Maryland has gained 156,200 jobs. The Leisure and Hospitality sector experienced the most growth with an increase […]
UPDATE: Maryland’s request has been approved by FEMA – details here. Original story below… —— ANNAPOLIS, MD—Governor Larry Hogan on Wednesday announced that Maryland has submitted an application to the Federal Emergency Management Administration for the Lost Wages Assistance (LWA) grant, which will provide an additional $300 per week to Marylanders who are unemployed due to the COVID-19 pandemic. “Maryland […]
BALTIMORE, MD—The U.S. Department of Labor’s Bureau of Labor Statistics released state jobs and unemployment data on Friday. According to the preliminary survey data, Maryland added 68,300 jobs and the unemployment rate decreased to 8% in June. Over the past months, Maryland has gained 96,700 jobs. The Leisure and Hospitality sector experienced the most growth with an increase of 23,200 […]
TOWSON, MD—Baltimore County Executive Johnny Olszewski has assembled a panel of economic thought leaders to discuss the changing regional business landscape in the wake of COVID-19 business shutdowns, and explore potential long-term shifts that may alter the local economy for years and decades to come. “Exploring Economic Impacts and Opportunities in the Baltimore Region” is the fifth session in the […]
UPDATE: This post has been edited to include those filing for Pandemic Unemployment Insurance. Original story below… —— NOTTINGHAM, MD—The number of Marylanders filing for first-time unemployment benefits fell compared to the prior week. The U.S. Department of Labor reported on Thursday that 51,108 Maryland residents applied for first-time unemployment benefits for the week ended May 16, 2020. That marks […]
NOTTINGHAM, MD—The number of Marylanders filing for first-time unemployment benefits rose compared to the prior week. The U.S. Department of Labor reported on Thursday that 65,262 Maryland residents applied for first-time unemployment benefits for the week ended May 2, 2020. That marks a increase of over 27,000 from last week’s newly-revised figure of 37,925. Across the nation, a total of […]
WASHINGTON, DC—Working with the U.S. Treasury Department, the Internal Revenue Service on Wednesday unveiled a new Get My Payment tool with features to let taxpayers check on their Economic Impact Payment date and update direct deposit information. With an initial round of more than 80 million Economic Impact Payments starting to hit bank accounts over the weekend and throughout this […]
WASHINGTON, DC—The Federal Reserve on Thursday took additional actions to provide up to $2.3 trillion in loans to support the economy. This funding will assist households and employers of all sizes and bolster the ability of state and local governments to deliver critical services during the coronavirus pandemic. “Our country’s highest priority must be to address this public health crisis, […]