Experts are split on whether the rate of job creation in Maryland in 2014 will increase enough to lower the state’s unemployment rate to 6 percent.
Moody's Analytics and Towson University's Regional Economic Studies Institute are both predicting about 40,000 positions added in the state, reports the Baltimore Sun. Maryland employers added about 34,000 jobs in the 12 months ending in November.
Basu told the newspaper he's concerned that some national economic drivers won't help Maryland much, including increasing energy production, industrial production and farm production.
If Moody’s Analytics guesses correctly, the state's unemployment rate will drop from 6.4 percent to about 6 percent by the end of the year and 5.2 percent by the end of 2015, the Sun says.
Read the full story on the Baltimore Sun website.