New metropolitan area employment and unemployment numbers released today show continued job growth for the Washington region with 18,300 jobs added in February. This is an increase of 62,400 jobs over February 2016, with the sectors of Professional & Business Services and Leisure & Hospitality leading the pack. The unemployment rate remains constant at 3.9 percent, below the nation rate of 4.7. Between February 2016 and February 2017, Suburban Maryland saw its largest job growth since 2000, […]
The US Census Bureau released the 2016 Population County and Metro/Micro Area Population Estimates. Between 2015 and 2016, the Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Statistical Area (Henceforth, the Washington Metro Area), increased its population by 53,508 between July 1, 2015 and July 1, 2016. This represents an increase of 0.9 percent, and continues the trend of slowing regional population growth; the region grew 1.1 percent between 2013 and 2014, and 1.0 percent between 2014 and 2015. Figure […]
From WAMU President Donald Trump’s initial budget proposal does not explicitly attack funding for the D.C. region’s transit agency, but if the plan’s aim of shrinking the federal workforce is realized, Metro could be damaged at a time when it needs every possible rider. Metro’s average weekday ridership is at its lowest level since 2003. System leaders are anticipating that some commuters will return in the summer after the disruptive SafeTrack rebuilding program ends and reliability […]
February National employment numbers were released this morning, providing the first picture of employment numbers under the Trump presidency. The US economy added 235,000 jobs and unemployment remained relatively unchanged at 4.7%, down from 4.8% in January. All sectors grew from February of last year except the information sector, which has seen consistent decline in the past year. Both labor force participation rate and the U-6 unemployment rate have remained steady at 63% and 9.2% respectively. January […]
Federal workers are vital to the DC region’s economy. Concerns are rising regarding the impending potential draw-down in the federal workforce. More to come regarding the characteristics of those employed by the federal government in our region.
January 2017’s median sales price of $390,000 was up $14,500 or 3.9% compared to last year. This is the highest January median sales price of the last decade, topping the prior high of $385,000 seen in 2015. All property types saw increases in price, with townhomes up 5.0% to $389,000, condos up 4.9% to $300,000, and single-family detached up 3.3% to $465,000. Falls Church City remains the most expensive location in the region, with a […]