Posted 4/2/2024, 11:00:00 AM

Baltimore Economy Resilient with Low Unemployment, Inflation Despite Port Closure

Baltimore has low unemployment (2.8%) and inflation (1.7%) compared to national averages
The port is a major economic driver but is currently closed; it will eventually reopen
Baltimore has a diverse job market across sectors like healthcare and education
Housing prices are on par with national medians and remain relatively affordable
Building permits suggest the local housing inventory has stabilized

cnn.com