Archive for the ‘News’ Category

Maryland Governor Proposes Tax Credit for Hiring Unemployed Workers

Gov. Martin O’Malley (D-Md.) has announced he is proposing a $3,000 tax credit for firms that hire unemployed Maryland workers, according to The Baltimore Sun. O’Malley believes the one-year plan would help employ thousands of Maryland residents. Capped at $20 million, the plan would allow Maryland businesses to receive a tax credit for each jobless resident they employ. O’Malley also wants

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Virginia Unemployment Rate Falls in October

Virginia’s seasonally unadjusted unemployment rate dropped from 6.5 percent in September to 6.3 percent in October, which is its lowest rate in 2009, according to the Associated Press. The unemployment rate has been declining since June, when it reached 7.3 percent. The number of jobless workers decreased by 8,400 to 270,100 in October as schools increased employment. However, November’s unemployment

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Maryland Unemployment Rate Rises to 7.3 Percent

The jobless rate in Maryland increased from 7.2 percent in September to 7.3 percent in October, which is the highest rate since 1983, according to The Baltimore Sun. However, overall, the state’s employers still added 1,500 new jobs in October. In October, the government sector added 2,800 jobs, which helped to balance out 3,400 jobs cut in the construction sector. Job

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Virginia is Slowest Spending Stimulus Funds

Virginia ranks last in the U.S. for using its stimulus funds for highway and bridge construction projects, according to The Journal of Commerce. A House Transportation and Infrastructure Committee report states that as of Sept. 30, Virginia has only 48.6 percent of its highway and bridge funding out to bid, 26.1 percent under contract and 17.2 percent in projects that have

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