Chapter 3 • Corridor Growth Review
Table 3-3 Forecast Population Growth
Historical
WP25
MD SDC
Geography
'14-'24 '24-'29 '29-'34 '24-'34 '24-'29 '29-'34 '24-'34
United States Mid Atlantic South Atlantic
0.7% 0.6% 0.6% 0.6% - 0.3% 0.2% 0.1% 0.2% - 1.1% 0.9% 0.8% 0.9% -
- - -
- - -
Maryland
0.5% 0.5% 0.5% 0.5% 0.6% 0.6% 0.6% 0.3% 0.5% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.8% 0.7% 0.8% 0.8% 0.9% 0.9% 0.9% 0.9% 0.9% 0.9% 0.5% 0.4% 0.4% 0.4% 0.8% 0.8% 0.8% 0.8% 0.6% 0.5% 0.6% 0.7% 0.7% 0.7% 0.0% 0.2% 0.2% 0.2% 0.5% 0.6% 0.6%
Baltimore
Lower Eastern Shore Southern Maryland Upper Eastern Shore Washington Suburban Western Maryland
3.3.2 Employment Historical
Employment data in Table 3-4 are from the U.S. Bureau of Economic Analysis (BEA) through 2022 3 , with 2023 and 2024 derived via applying the Bureau of Labor Statistics’ (BLS) annual growth. Between 2014 and 2024, employment increased faster than population but notably declined in 2020 due to COVID-19 (especially in the first half-year). Growth in the South Atlantic was 2.2% CAGR, higher than the Mid-Atlantic (1.1%) and nationally (1.6%). The Mid-Atlantic exhibited the relatively steepest employment decline in 2020 compared to the South Atlantic and the Nation. Historical Maryland growth was 1.2% CAGR from 2014 to 2024, with a decline in 2020 slightly greater than the Nation, at 3.3% versus 3.2%. Throughout the preceding decade, growth across the substate regions remained generally consistent with statewide trends, aside from minor annual fluctuations. Western Maryland represented the primary exception, as growth in the region plateaued since 2014 in parallel with population trends and experienced its most notable decline in 2020, attributable to the impacts of the COVID-19 pandemic.
3 BEA discontinued county-level employment due to budgetary constraints as of Nov. 2023: https://www.bea.gov/data/employment/employment-county-metro-and-other-areas
3-8
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