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Maryland should prepare for ‘soft’ recession, economists warn

December 21, 2023

Despite a low unemployment rate and a positive jobs outlook, economists warn Maryland may face a soft recession in 2024. Maryland’s unemployment rate reached 1.6% in September and only climbed one-tenth of a point in November to 1.7%. The rate is the lowest seasonally adjusted unemployment rate of any state since 1976. But economists warn this historic milestone does not paint the true picture.

Article Source: The Daily Record

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