Federal Reserve Bank of Richmond: 'Urban Marylanders are Migrating to More Affordable, Smaller Metro Areas'
March 08, 2024
March 08, 2024
RICHMOND, Virginia, March 8 -- The Federal Reserve Bank of Richmond issued the following Regional Matters analysis on March 7, 2024, by Regional Economist Adam Scavette and Keith Waters:
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Introduction
With its unemployment rate reaching 1.9 percent in December 2023, Maryland has the tightest labor market in the country, which poses an ongoing hiring challenge for the state's employers. A key contributor to the tightness is the state's slow post-pandemi . . .
* * *
Introduction
With its unemployment rate reaching 1.9 percent in December 2023, Maryland has the tightest labor market in the country, which poses an ongoing hiring challenge for the state's employers. A key contributor to the tightness is the state's slow post-pandemi . . .