Economists' forecasts for Maryland vary — from better growth to worse

By Jamie Smith Hopkins, The Baltimore Sun

Updated January 12, 2014

 

Maryland employers could pick up the pace of job creation to 40,000 positions this year, according to some forecasts, but one local economist expects a slowdown instead.

Moody's Analytics and Towson University's Regional Economic Studies Institute expect fairly broad-based job growth in 2014 — they're both predicting about 40,000 positions added in the state, which would be the best performance in years. Full results for 2013 aren't in yet, but Maryland employers added about 34,000 jobs in the 12 months ending in November, according to federal estimates.

The PNC Financial Services Group also expects improvement, "but not that much," said PNC economist Mekael Teshome.

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