June 2013

a closer look with daraius

Payroll GraphicThere is a Cure for the Summertime Blues

Lately employees have been wondering what they were going to do since the sequestration blues took hold of Maryland. If sequestration has arrived, no one told payroll. Maryland’s preliminary job report for May indicates a month-over-month payroll growth by approximately 4,600. As payroll additions heated up, the number of job seekers rose in May by approximately 3,500 applicants. This increase in labor force participation added to the increase in the unemployment rate, but signaled that job seekers see potential in the labor market within Maryland. Dr. Irani discusses the summertime cure for the sequestration blues from the hospitality sector growth to the resurging housing market in this month’s RESI on the Economy.

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in the news

spacerBaltimore-area home prices rise in May, Baltimore Sun, 6/10/2013

It's finding its footing," said Daraius Irani, executive director of the Regional Economic Studies Institute at Towson University . "It's not leaping and bounding. It's crawling."

Town Arts & Entertainment District approved, The Bay Net, 6/11/2013

According to a release from the town of Leonardtown: “A new economic impact study shows that in FY2012, 19 Maryland Arts and Entertainment (A&E) Districts collectively supported an estimated 4,188 jobs that paid more than $128.1 million in total wages--plus a total state GDP of $379 million, and total tax revenue of $29 million. The study, which was conducted by Towson University's Regional  Economic Studies Institute (RESI), marks RESI's  second economic impact study on Maryland A&E Districts.


Late Summer Blooming: The Housing Market Recovery?

Whether it is a mortgage payment or a rental payment, the largest bill
most households pay every month is the one for housing. According to
the Consumer Expenditure Survey, between 2010 and 2011 Baltimore residents spent just over $20,000 on housing annually. Of total household
expenditures, that is approximately 37.4 percent of a household’s annual budget. After the 2007 housing crash, the question that followed was,
“When will the housing market recover?” RESI takes a look at the factors contributing to the rising median home prices and the developing trend
across Maryland in this month’s Hot Topic.

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