Connect with us

Maryland

Maryland Wins – Nevada Loses: Best/Worst States For Employment In 2023

Published

on

Maryland Wins – Nevada Loses: Best/Worst States For Employment In 2023


A state’s unemployment rate is dependent on many factors. Even so, much of it rests on the governing bodies who set tax rates and other policies that can help or hurt businesses. I have researched the unemployment rate for all 50 states and will present the best and worst ten. Moreover, we will learn which political party has control in each of these states, including the office of the governor and the legislature (Senate and House). Note that the Nebraska legislature is unicameral, which means a candidate’s political party is not shown on the ballot as the goal is to be nonpartisan. Here is the data.

Best and Worst State Unemployment Rates for 2023

The following table shows the 10 states with the lowest and highest unemployment rates in 2023. The lowest unemployment rate was found in Maryland and the highest rate was in Nevada. While Maryland, a decidedly blue state, had the lowest rate of unemployment, republican led states dominated the best 10 list in 2023. How did Maryland do it? Maryland implemented policies that are friendly to businesses as well as to its economy. Here’s what Maryland’s Governor Wes Moore had to say on what he has done to boost employment.

Advertisement

“We’ve made great progress on making Maryland more competitive and affordable in the year we’ve been in office. Since I took office, we’ve moved up 20 spots in economic momentum, and we’ve seen record low unemployment here in Maryland.”

“My administration also delivered over $1.4 billion to small and minority owned businesses through the Board of Public Works and created the Maryland Economic Council to shape our state’s economic development strategy and get our economy moving.”

“But, we’ve still got work to do in order to utilize all of the assets that Maryland has to offer, which is why we are laser focused on announcing new jobs, raising wages, and making Maryland the best place to start and grow a business.”

Governor Wes Moore

Advertisement

When compared to the national unemployment rate of 3.70%, the difference between the best and worst rates fell within a narrow range. For example, Nevada had the highest rate at 5.40% and Maryland’s rate was the lowest at 1.80%. Even New Jersey with the third highest rate (4.70%) was only one percentage point above the national average. The fact that the best and worst unemployment rates fell within a narrow range may be a sign of a strong national economy.

Best and Worst State Unemployment Rates by Political Party

When considering all 50 states, the average unemployment rate in 2023 in states where the governor was a Democrat was 3.64% compared to an average rate of 3.19% in states with a Republican governor. As the following chart shows, using only the best and worst 10 states for employment, 71% of states with the lowest unemployment were Republican controlled while 34% of the best states had a Democrat majority. When you look at the 10 states with the highest unemployment, 66% were run by Democrats while 29% had Republicans at the helm.

The next chart shows a breakdown of political control in all states. Note that Republicans hold a edge in governorships and a much wider margin in state legislatures. For example, 54% of states have a Republican governor compared to 46% for Democrats. Moreover, 60% of all state Senates are controlled by Republicans while Democrats control 40%. Finally, 58% of state Houses are run by Republicans compared to 42% for Democrats. Could this suggest some degree of optimism for Republicans in November? That’s hard to say as a lot can happen in the next eight months.

In general, are Republicans better for the economy than Democrats? Historically, Democrats have been the party of tax and spend, but in recent years, Republicans seem to spend just as much. It appears to this writer that members of both parties are using the same playbook of excessive spending to stimulate economic demand and garner votes, and, at a time when the Federal Reserve is doing what it can to slow economic growth to curb inflation. Thus, once again, fiscal policy (government) is at odds with monetary policy (Federal Reserve).

Advertisement

If state unemployment rates remain low, and consumer spending remains strong, we may be able to avoid a recession. If so, the economy will take a backseat to immigration in November. There is an economic argument to be made for immigration. More on that in a future article.



Source link

Maryland

Former Maryland Lt. Gov. Melvin ‘Mickey’ Steinberg dies at 92

Published

on

Former Maryland Lt. Gov. Melvin ‘Mickey’ Steinberg dies at 92


Former Maryland Lt. Gov. Melvin “Mickey” Steinberg, a Baltimore Democrat who spent nearly three decades in state government and later worked as a lobbyist, died Tuesday. He was 92.

Mr. Steinberg served in the Maryland Senate for 20 years, including as Senate president from 1983 to 1987. From 1987 to 1995, he was lieutenant governor under the late Gov. William Donald Schaefer.

Baltimore attorney Alan Rifkin, a longtime friend and former colleague, who described Mr. Steinberg as “an awesome and kind man,” confirmed his death to The Baltimore Sun in a Tuesday evening email.

“Mickey was one of a kind,” Rifkin said in a Wednesday statement on behalf of his law firm. “Mickey’s ability to bring people together and forge consensus with brilliance, humor, dedication and compassion for others was truly remarkable.”

Advertisement
Comment with Bubbles

JOIN THE CONVERSATION (1)

Read the full story on the Baltimore Sun.



Source link

Advertisement
Continue Reading

Maryland

Delaware retail weed sales in market’s first months fall far short of estimates

Published

on

Delaware retail weed sales in market’s first months fall far short of estimates


What are journalists missing from the state of Delaware? What would you most like WHYY News to cover? Let us know.

Delaware’s new recreational marijuana market is off to a slower start than expected, with stores ringing up $29.3 million in sales in the seven months since the industry launched, state statistics provided to WHYY News show.

That’s generated about $4.4 million in tax revenue for the state, based on the state’s 15% tax on cannabis sales.

The figures fall far short of what the state’s former marijuana commissioner estimated in 2023 after lawmakers legalized cannabis for adults over 21 and created the framework for the regulated market.

Advertisement

Delaware’s fledgling industry also has a long way to go before it can approach the per-capita sales in neighboring New Jersey and Maryland, a WHYY News analysis found.

Sales in New Jersey started in April 2022, and in Maryland began in July 2023. So while Delaware struggled for two years to launch its retail industry, many residents became accustomed to driving across the state line to buy legal cannabis.

Delaware finally began selling recreational weed on Aug. 1 at 13 existing medical marijuana dispensaries that paid $100,000 apiece for so-called conversion licenses.

The state Office of the Marijuana Commissioner has also granted conditional licenses to 16 prospective recreational cannabis retailers, though none have yet opened. A total of 30 retail-only stores are allowed by law.

The bottom line for now is that tiny Delaware is averaging $4.2 million a month in retail sales over seven months. Projected over a full year, that would amount to a little more than $50 million in sales and $7.5 million in tax revenue.

Advertisement

Delaware’s first marijuana commissioner, Robert Coupe, had predicted in 2023, however, that the state would have $281 million in annual sales that would generate $42 million in taxes.

But Coupe stepped down last January as Gov. Matt Meyer was about to take office, and Josh Sanderlin replaced him.

Sanderlin told WHYY News this week that he’s satisfied with retail sales figures to date for flowers, gummies and other cannabis products.

“I’m happy with how the program’s rolling out. We are seeing steady increases across the board,” Sanderlin said.

“We are rolling out some new licensees. We’ve had cultivators and some manufacturers come online and [more] are coming online, which helps expand the product base, helping lower prices for consumers. And most importantly, right now, we are working towards trying to ensure that more retailers can come online.”

Advertisement
Advocates say that Delaware needs more growing operations to increase supply and lower prices. (Courtesy of The Farm)

Zoë Patchell, president of the Delaware Cannabis Advocacy Network, has been critical of how long it took Delaware to open its recreational market and said she’s not surprised that sales totals are only a fraction of previous predictions.

“I think it’s obvious that when prices for the same product in neighboring competitive legal markets are considerably lower, it’s not difficult to see why consumers are less eager to patronize Delaware’s legal market,” Patchell said. “A simple Google search shows that the same product is offered for much less in neighboring competitive states as close as Maryland.”

Zoe Patchel posing for a photo in front of an information booth
Zoë Patchell of the Delaware Cannabis Advocacy Network said she’s not surprised that Delaware’s sales aren’t meeting projections. (Cris Barrish/WHYY)

Patchell specified prices for Betty’s Eddies, a brand of edible products licensed in several states.

A search by WHYY News found that one store in Delaware sells a five-pack of 10-milligram “Smashin’ Passion Chews” for $18 plus tax, which brings the total to $20.70.

Advertisement

A store in Baltimore, however, sells a 10-pack of 10-mg “Smashin’ Passion Chews” — twice as much — for $20, plus Maryland’s 12% tax, for a total of $22.40.

“So consumers aren’t stupid,” Patchell said, “and it’s easy to see what the going rate for cannabis is.”



Source link

Continue Reading

Maryland

Road condition, traffic congestion in Md. costs drivers thousands, report finds – WTOP News

Published

on

Road condition, traffic congestion in Md. costs drivers thousands, report finds – WTOP News


A new report by the transportation nonprofit TRIPS found the condition of the roads in Maryland’s D.C. suburbs is costing residents over $3,500 annually.

A new report found the condition of the roads in Maryland’s D.C. suburbs is costing residents over $3,500 annually.

This includes increased wear and tear on vehicles as well as depreciation, wasted fuel, wasted time and the cost of traffic accidents.

Rocky Moretti is the director of development and research at TRIP, a national transportation research nonprofit. During a news conference Wednesday, he said the average driver in Maryland’s D.C. suburbs is spending an additional 90 hours per year stuck in traffic and wasting an additional 26 gallons of gas.

Advertisement

Statewide, 30% of Maryland roads are in “poor” condition, which Moretti said is significantly higher than the national average. The D.C. suburbs fare somewhat better, with 27% in poor condition, according to TRIP. Another 24% of Maryland’s roads in D.C. suburbs are rated in “mediocre” condition, compared with 21% statewide, the report found.

“I’m sad to say, you know, a lot of that stuff just rings true with me. For a long time, I was a local commissioner back about 20 years ago, in the early 2000s. And we were constantly wrestling with the need to put more money in our traffic infrastructure and just struggling to find the funding for that, as we saw state and federal dollars continue to drop,” said Jim Kercheval, executive director of the greater Hagerstown committee.

The report said the federal transportation program that was last reauthorized in 2021 was a significant boost to Maryland, increasing federal funding for roadways by 29%. Highway construction inflation since that bill was passed, however, has increased 47%. At the same time, the state is seeing decreasing revenues from gas taxes because of electric and more fuel efficient vehicles.

Get breaking news and daily headlines delivered to your email inbox by signing up here.

© 2026 WTOP. All Rights Reserved. This website is not intended for users located within the European Economic Area.

Advertisement



Source link

Continue Reading

Trending