About Maryland Thermoform
Maryland Thermoform specializes in heavy gauge and light gauge thermoforming custom thermoformed solutions with rigid or semi-rigid disposable packaging for defense, AUSV, Aircraft components, medical, electronic and packaging purposes.
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Latest Maryland Thermoform News
Oct 2, 2020
Workers at Maryland Thermoform were brought back in May. But the momentum that began over the summer has slowed.Credit...Andrew Mangum for The New York Times The Labor Department is expected to report on Friday that U.S. employers continued to bring back workers in September, but that the loss of momentum that began over the summer has continued into the fall. Forecasters surveyed by Bloomberg estimate that the report, due at 8:30 a.m., will show that the economy added 875,000 jobs in September, down from 1.4 million in August and close to five million in June. The unemployment rate is expected to fall to 8.2 percent from 8.4 percent in August and a record high of nearly 15 percent in April. But forecasters have struggled throughout the pandemic, and the range of estimates is unusually broad this time: The most optimistic economist in Bloomberg’s survey expects a gain of 1.8 million jobs. The most pessimistic expects a loss of 100,000. Whatever the number, the report could have significant economic and political implications. This will be the last monthly jobs report — and one of the last major economic data releases — before the presidential election. And it comes on the day the White House announced that President Trump and the first lady, Melania Trump , have tested positive for the coronavirus, adding a new layer of uncertainty to the race. The jobs report will probably provide fodder for both major candidates: President Trump and his supporters can accurately say that the economy has rebounded — and unemployment has fallen — much faster than many forecasters expected last spring. Democrats can say, just as accurately, that the recovery is slowing at a time when millions remain out of work. Economists say the slowdown is at least partly a result of the expiration of federal aid programs for households and businesses, and they warn that it could worsen if Congress doesn’t provide more help . Aneta Markowska, chief financial economist for the investment bank Jefferies, said it was hard to predict what Friday’s jobs numbers would show, but said she knew what October would look like without a deal on a “Phase 4” spending package. “Beyond September, it’s very binary,” she said. “Everything depends on Phase 4 and whether we get that or not.” Friday’s report could be a factor: An unexpectedly weak report could put more pressure on Congress to reach a deal, while a strong report could lead Senate Republicans, many already skeptical of further spending, to block new aid. Evidence collected by the police in Beverly Hills, Calif., who said thieves had used debit cards issued for unemployment benefits to go on shopping sprees.Credit...Beverly Hills Police Department The unemployment insurance system — the main artery for delivering financial assistance to laid-off workers — has been besieged during the coronavirus crisis by fraud schemes aimed at bilking the government out of hundreds of millions of dollars. Most of the fraud is being engineered by criminals, some of them working together, who have stolen or bought other people’s identities. The U.S. Labor Department recently made fraud detection a priority, dedicating $100 million to combat the problem. But several state officials and security experts say some of the efforts have been misdirected, designed to uncover workers misrepresenting their eligibility. “The focus continues to be on lying instead of stealing,” said Suzi LeVine, the commissioner of the Employment Security Department in Washington State. Traditional fraud-prevention strategies, she said, “will not help us catch these thieves.” In California, fraud has been so pervasive that officials have suspended processing jobless claims for two weeks to put new controls in place and reduce a bulging backlog. Unemployment insurance has generally not been a ripe target because states have been reducing benefits and tightening access . That changed after Congress moved in March to help workers suddenly left jobless when the coronavirus crisis upended the economy. Handled by the states, pandemic jobless benefits were meant to cover self-employed, part-time and gig workers; independent contractors; and others ordinarily ineligible for unemployment insurance. But the desire to get money quickly to households facing eviction, hunger or financial ruin made the program vulnerable to swindlers. It depends largely on individuals’ certifying that they are unemployed because of the coronavirus pandemic. “There is a low barrier to entry for potential scammers and criminals who are interested in getting involved with this form of fraud,” Parker Crucq, a senior threat intelligence analyst at the cybersecurity firm Recorded Future. Fans and cut-outs at the Missouri State vs. Oklahoma football game in September. Economists warn that consumers are unlikely to return to high-risk settings until they are confident that they won’t get sick.Credit...Pool photo by Sue Ogrocki It’s been a bad year for travel and entertainment spending as the coronavirus has kept concertgoers home and has canceled vacation plans. That falloff is particularly pronounced among baby boomers. Travel and entertainment spending was down by 56 percent for Chase credit card holders born in 1964 or earlier, based on data through Sept. 26. That compared with a 40 percent drop from a year ago for cardholders born since 1981 — millennials and Generation Z. That divergence says something about the consumer economy. The generational gap is evidence that “declines are likely driven by a combination of supply and demand,” Jesse Edgerton and Gopal Kumar, economists at J.P. Morgan, wrote in an Oct. 1 note. While spending in the category is down partly because of ongoing restrictions on large gatherings, the difference across age groups suggests that older spenders’ “greater susceptibility to Covid-19 has left them more cautious about returning to normal levels of travel and entertainment,” the two analysts wrote. Federal Reserve officials and economists regularly warn that it is unlikely that the economy can stage a full recovery until the virus is under control for precisely that reason: Consumers will not feel comfortable returning to some higher-risk settings until they know that they will not get sick. “The outlook for the economy is extraordinarily uncertain and will depend in large part on our success in keeping the virus in check,” Jerome H. Powell, the Fed chair, said at a news conference earlier this month.
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Maryland Thermoform Frequently Asked Questions (FAQ)
When was Maryland Thermoform founded?
Maryland Thermoform was founded in 1972.
Where is Maryland Thermoform's headquarters?
Maryland Thermoform's headquarters is located at 2717 Wilmarco Ave, Baltimore.
What is Maryland Thermoform's latest funding round?
Maryland Thermoform's latest funding round is Grant.
Who are the investors of Maryland Thermoform?
Investors of Maryland Thermoform include Made in Baltimore.
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