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 […]
CRA affiliate Kelley Coyner authors an Op-Ed on how communities can benefit from autonomous vehicles
Dr. Terry Clower discussed the national and regional economic outlook at the 25th annual Northern Virginia Chamber of Commerce Economic ConferenceSee the presentation