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While the U.S economy has entered a period of stronger, sustained growth, economic conditions in Maryland over the recent months have been somewhat mixed. According to the Bureau of Labor Statistics (BLS), Maryland’s preliminary unemployment rate ticked up 0.6 percentage points (pp) from mid-year and declined 0.2 pp year-over-year to 6.4%. Nearly every industry within the private sector contracted since mid-year. The leisure & hospitality sector was an exception, netting 500 new jobs partly due to the opening of the Horseshoe Casino.
Source : Cushman & Wakefield
