Chapter 3 • Corridor Growth Review
Table 3-4 Historical Employment
Geography
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 '14-'24
Employment (Thousands) United States
186,240 190,326 193,426 196,394 200,292 201,622 195,263 202,706 210,414 216,314 218,160 31,920 24,507 24,913 25,244 25,503 25,969 26,089 24,603 25,461 26,555 27,304 27,395 2,888 35,561 36,541 37,359 38,207 39,204 39,664 39,069 40,848 42,594 43,994 44,283 8,722 3,538 3,603 3,659 3,697 3,753 3,745 3,622 3,750 3,867 3,977 4,003 466 1,732 1,765 1,790 1,810 1,839 1,837 1,774 1,835 1,903 1,937 1,954 222 117 118 119 120 121 122 117 123 127 132 133 16 155 159 164 165 164 165 164 171 175 180 182 27
Mid Atlantic South Atlantic
Maryland
Baltimore
Lower Eastern Shore Southern Maryland
Forecast Table 3-5 shows employment growth forecasts with 1.1% CAGR nationally through 2034, per WP25, decelerated from the recent historical decade. South Atlantic forecast CAGR (1.3%) is expected to be higher than the U.S. and Mid-Atlantic (1.0%). WP25 forecasts 1.0% CAGR for Maryland, slightly decelerated relative to recent history and close to national forecasts. According to the MD SDC (Oct. 2022), Maryland’s employment forecast is 0.7% through 2034; slower than forecasted by WP25. For Baltimore and Washington Suburban, WP25 projects 1.1% and 0.9%, respectively, with Southern Maryland as the relatively fastest region, at 1.2%. Upper Eastern Shore 121 122 124 124 127 126 122 128 132 137 136 15 Washington Suburban 1,272 1,297 1,321 1,336 1,361 1,356 1,313 1,355 1,409 1,428 1,434 162 Western Maryland 140 141 141 141 141 140 132 138 140 138 139 0 Annual Percent Change United States 2.1% 2.2% 1.6% 1.5% 2.0% 0.7% -3.2% 3.8% 3.8% 2.8% 0.9% 1.6% Mid Atlantic 1.7% 1.7% 1.3% 1.0% 1.8% 0.5% -5.7% 3.5% 4.3% 2.8% 0.3% 1.1% South Atlantic 2.6% 2.8% 2.2% 2.3% 2.6% 1.2% -1.5% 4.6% 4.3% 3.3% 0.7% 2.2% Maryland 1.3% 1.8% 1.6% 1.0% 1.5% -0.2% -3.3% 3.5% 3.1% 2.9% 0.7% 1.2% Baltimore 1.2% 1.9% 1.4% 1.1% 1.6% -0.1% -3.4% 3.4% 3.7% 1.8% 0.9% 1.2% Lower Eastern Shore 0.6% 1.0% 0.8% 0.8% 0.7% 0.3% -3.9% 5.6% 3.2% 3.8% 0.7% 1.3% Southern Maryland 1.2% 2.4% 3.0% 0.8% -0.2% 0.5% -0.8% 4.2% 2.7% 2.3% 1.2% 1.6% Upper Eastern Shore 1.4% 0.7% 1.6% 0.3% 1.6% -0.6% -3.1% 5.2% 2.7% 3.9% -0.8% 1.1% Washington Suburban 1.5% 2.0% 1.8% 1.2% 1.8% -0.4% -3.1% 3.2% 4.0% 1.4% 0.4% 1.2% Western Maryland 0.1% 0.9% 0.2% -0.3% 0.2% -1.1% -5.4% 4.3% 1.8% -1.2% 0.7% 0.0%
3-9
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