Md. economist: Local recovery is still slow
Del. growing faster due to tax climate
— Automation continues to have the biggest impact on the U.S. job market, a Maryland economist told Cecil and Harford county leaders and business owners Friday during the annual meeting of the Susquehanna Workforce Network.
Anirban Basu, chairman and CEO of Sage Policy Group, spoke about the
global, U.S., Maryland and local economies during a meeting at Cecil College.
“While STEM (science, technology, engineering and mathematics) skills are still desirable, they are more likely to be assumed by computers,” Basu said, stressing the need for jobseekers to develop their interpersonal skills to get the top jobs. “SWN needs to think about the impact of automation.”
Basu said that about 2.4 million jobs were added to the U.S. economy last year, noting that most of the nationwide job growth was in the fields of health care, transportation and leisure. Meanwhile, job growth in Maryland came in at 2.1 percent, which is 17th in the country, compared to neighboring Delaware, which had 3.7 percent job growth to make it second in the country. Most of Delaware’s growth has been south of the C&D Canal due to retirees relocating there because of its favorable tax climate, he said.
“Maryland is still in recovery, while Delaware is expanding now,” he said,