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Maryland unemployment drops for 6th straight month

The record run of low unemployment in Maryland reached its sixth straight month as the state reported a drop of 0.2 percentage points to 1.8% in preliminary data released Friday by the U.S. Department of Labor’s Bureau of Labor Statistics (BLS). According to the survey data, Maryland also gained 2,000 jobs in July. The other services sector experienced the most growth with an increase of 2,500 jobs.

Lawmakers, regulators already contemplating changes to cannabis law

Maryland’s cannabis industry is less than two months old and lawmakers and regulators are already contemplating tweaks in the coming General Assembly session. Since July, the new recreational adult use industry has recorded sales of almost $90 million. The expectation is that sales will surpass $1 billion. Will Tilburg, acting director of the Maryland Cannabis Administration, said the new law — which runs roughly 100 pages — was an attempt to learn from the mistakes of other states that legalized recreational use before Maryland.

 

Companies are clamping down on remote work, but many are seeing a retention impact

Companies are struggling to get workers to return to the office, and those choosing the most heavy-handed return policies are seeing an impact on retention. That’s one of the big takeaways from a new survey by The Conference Board, which found about 73% of organizations reported challenges getting workers to return to the office. Another takeaway? Hybrid setups still represent a critical tool for businesses looking to balance their desire for in-office work with turnover concerns.

Global logistics company to close Aberdeen facility, lay off 176

A logistics company plans to lay off 176 employees at a warehouse in Aberdeen, the second time the warehouse has seen mass layoffs in the past four years. GXO Logistics Inc., one of the largest contract logistics providers in the world, is shutting down its operations at 610 Chelsea Road in Aberdeen. The closure and layoffs will take place on Sept. 30, according to a notification filed with Maryland’s Work Adjustment and Retraining Notification log.

Current residents will have to leave Montevue Assisted Living next year

Montevue Assisted Living in Frederick will temporarily close its doors for renovations next year, forcing all of its current residents to find new care arrangements. Officials from Frederick County and Aurora Health Management, which manages Montevue on the government’s behalf, announced in May that the facility will undergo renovations to transition its second story from assisted living occupancy to skilled nursing occupancy.

 

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Baltimore startup Cerebro Capital earns patent on AI tech that predicts bank loans

Cerebro Capital started exploring the possibilities of artificial intelligence long before products like ChatGPT and MidJourney made the technology one of the hottest investments in the country. Now, the Baltimore startup is looking to capitalize on the AI trend after getting a patent for its technology earlier this year and raising millions in new funding. Cerebro’s technology uses AI to help middle market companies predict the structures and terms of loans from different financial institutions.

Major Baltimore grocery store closed to deal with pest issue

A major Baltimore grocery store location is shutting down temporarily while they handle a pest problem. The Harris Teeter in Locust Point at 1801 Whetstone Way is closed. The grocery chain’s director of corporate affairs shared a statement with 11 News Thursday. “Harris Teeter takes the health and safety of our valued customers and associates very seriously and has voluntarily chosen to temporarily close the McHenry Row location while we work to correct a pest issue.

Read More: WBALTV
Moving and storage company Wayforth to lay off 76 in Maryland amid restructuring

A once fast-growing moving and storage company is laying off 76 people in the Baltimore suburbs as part of a restructuring that will see it shutter the majority of its operations across the country. WayForth filed a notice with the Maryland Work Adjustment and Retraining Notification (WARN) log on Wednesday indicating employees of its facility at 7020 Dorsey Road in Hanover will be laid off on Friday. Maryland is just one of the states that will be impacted as WayForth begins shutting down its operations everywhere except Richmond, Virginia, where it is based.

Airlines are adding new routes amid strong demand for travel

Building on strong bookings this summer, American Airlines said Thursday it will add three new European destinations next summer and revive another international route that it last flew in 2019. The announcement comes one day after Delta Air Lines said it will expand service to China later this year. The news from two of the biggest U.S. carriers underscores the airline industry’s confidence that its strong recovery from the pandemic will continue and that planes will remain packed.

Read More: Baltimore Sun
This was captured well waiting for the doctor who was busy at the time
Loyola University Maryland announces plans for nursing program

Loyola University Maryland is the second local college to announce plans for a nursing program. The university said Tuesday it intends to offer a bachelor’s program in nursing “to help address Maryland’s ongoing nursing workforce shortage.” Mercy Medical Center will partner with Loyola to provide clinical placements, other resources and support.

 

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