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Washington Economic News
Perspective on the Washington Metropolitan Area Job Market
Curated by Bob Corlett
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Inflection point: 5 charts that show how the Greater Washington economy is changing - Washington Business Journal

Inflection point: 5 charts that show how the Greater Washington economy is changing - Washington Business Journal | Washington Economic News | Scoop.it
Trying to keep up? These GMU charts show you everything you need to know to sound intelligent at your next cocktail party
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3 takeaways from the Greater Washington economic forecast - Washington Business Journal

3 takeaways from the Greater Washington economic forecast - Washington Business Journal | Washington Economic News | Scoop.it

The federal government represents about 30 percent of the total regional economy, down from a peak of nearly 40 percent during the Great Recession, when increased government spending helped the D.C. area weather the downturn better than most major metros.


Since January 2010, the region has added 182,000 jobs, reversing for the most part the 178,000 total lost from August 2008 to February 2010.

The region added 24,100 jobs from November 2012 to November 2013.



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Washington: A world apart

Washington: A world apart | Washington Economic News | Scoop.it

"A Washington Post analysis of the latest census data shows that more than a third of Zip codes in the D.C. metro area rank in the top 5 percent nationally for income and education. But what makes the region truly unusual is that so many of the high-end Zip codes are contiguous. They form a vast land mass that bounds across 717 square miles. It stretches 60 miles from its northern tip in Woodstock, Md., to the southern end in Fairfax Station, and runs 30 miles wide from Haymarket in Prince William County to the heart of the District up to Rock Creek Parkway. One in four households in the region are in a Super Zip, according to the Post analysis"

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Arlington, Loudoun County have highest incomes in nation - Washington Business Journal

Arlington, Loudoun County have highest incomes in nation - Washington Business Journal | Washington Economic News | Scoop.it
The Washington area has the four richest counties in the country, according to Census Bureau data ranking counties by median family income.
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The Metros With Low Unemployment Aren’t All Hiring | EMSI | Economic Modeling Specialists Intl.

The Metros With Low Unemployment Aren’t All Hiring | EMSI | Economic Modeling Specialists Intl. | Washington Economic News | Scoop.it
Bob Corlett's insight:

DC has one of the lowest unemployment rates in the country, but when it comes to job growth rate, some other cities are doing better. 

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The 10 Fittest Cities In America

The 10 Fittest Cities In America | Washington Economic News | Scoop.it
If you’re looking for a healthy place to live, Minneapolis-St. Paul is probably a good choice.
Bob Corlett's insight:

But DC is ranked #2, just barely behind the Twin Cities, according to the American Fitness Index that published the study.

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The 10 Cities With The Most STEM Job Openings Right Now

The 10 Cities With The Most STEM Job Openings Right Now | Washington Economic News | Scoop.it
These are the top 10 cities for job seekers with an education in science, technology, engineering, and mathematics (STEM) disciplines.
Bob Corlett's insight:

Washington DC is #2 for STEM jobs. 

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Washington unemployment falls to 5.2 percent - Washington Business Journal

Washington unemployment falls to 5.2 percent - Washington Business Journal | Washington Economic News | Scoop.it
Washington's unemployment rate remains one of the lowest among big cities in the nation, falling to 5.2 percent in March, from 5.5 percent in February.
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Washington the best-paying city for women - Washington Business Journal

Washington the best-paying city for women - Washington Business Journal | Washington Economic News | Scoop.it
Washington ranks as the best-paying city in the nation for women, according to Forbes Magazine.
Bob Corlett's insight:

Forbes, using Census Bureau data provided by financial literacy site NerdWallet Inc., says D.C. metro area women working full-time earn a median income of $57,128,

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Election over, K Street ready to cash in

Election over, K Street ready to cash in | Washington Economic News | Scoop.it

The past two years have been rough, as House Republicans, Senate Democrats and President Barack Obama dug in and combined to pass little in the way of major legislation as they all waited to see what 2012 would bring.


That answer now known, lobbyists are looking forward to the lucrative cocktail of mixed congressional control and massive legislative challenges that affect corporations, unions and special interests on big-ticket items including taxes and defense spending.


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DC is only 4th on America's Most Stressful Cities

DC is only 4th on America's Most Stressful Cities | Washington Economic News | Scoop.it

.With a high cost of living and, along with Chicago, the number-one worst traffic congestion in the country, which causes commuters to lost 70 hours a year to traffic jams, it’s clear that politics isn’t the only thing causing anxiety in our nation’s capitol. On the bright side, the metro area's unemployment rate is only 6.1%.

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Study: D.C. is the best-educated big city in America

Study: D.C. is the best-educated big city in America | Washington Economic News | Scoop.it

The DC metropolitan area leads the nation in the education level of our residents. The research confirms what many people already knew. More educated places tend to be richer ones. And D.C. is both very educated and quite rich compared to the rest of the country

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Washington leads nation for computer sciences jobs - Washington Business Journal

Washington leads nation for computer sciences jobs - Washington Business Journal | Washington Economic News | Scoop.it

Career website Indeed.com ranks Washington the top market in the nation for computer science majors looking to land a job.
It also ranks the top 15 companies for hiring computer science majors and, not surprisingly, many of them are in the Washington region. Five of the top 15 companies for computer science jobs are headquartered in Washington and just about all of them have a presence here.

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D.C. Once Again Named Most 'Literate' City In America

D.C. Once Again Named Most 'Literate' City In America | Washington Economic News | Scoop.it

For yet another year, D.C. was named the most literate major city in America. 


The study by Central Connecticut State University focuses on the "number of bookstores, educational attainment, Internet resources, library resources, periodical publishing resources, and newspaper circulation" of cities with a population of over 250,000 people. The city actually ranked outside the top ten in both the booksellers (16th) and library (15th) categories. Ranked below D.C. are Seattle, Minneapolis, Atlanta and Pittsburgh.

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Survey: D.C. nearly tops list for job seekers in 2014 - Washington Business Journal

Survey: D.C. nearly tops list for job seekers in 2014 - Washington Business Journal | Washington Economic News | Scoop.it
If low unemployment, population growth and median income are enough to determine the hiring outlook in the new year, then only Austin will be a better place for job seekers than D.C. in 2014....
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Virginia reclaims top spot on Forbes Best States for Business list - Washington Business Journal

Virginia reclaims top spot on Forbes Best States for Business list - Washington Business Journal | Washington Economic News | Scoop.it
Virginia is back on top, rising to No. 1 on Forbes Magazine's annual list of Best States for Business.
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Washington area median income $88,000 - Washington Business Journal

Washington area median income $88,000 - Washington Business Journal | Washington Economic News | Scoop.it

"The median household income in Washington is 65 percent higher than the national average ... of 53,607".

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San Jose Best City To Work In; Glassdoor Employment Satisfaction Report Card By City | Glassdoor Blog

San Jose Best City To Work In; Glassdoor Employment Satisfaction Report Card By City | Glassdoor Blog | Washington Economic News | Scoop.it
You can learn a lot about a city from others’ experiences thanks to social media, whether it’s the best restaurants to eat, which neighborhoods are quietest, or even what the weather is like at any given moment.
Bob Corlett's insight:

DC is the #5 city for overall employment satisfaction - though based on the breakdown of the numbers, it's pretty neck and neck for anyone in the top five. And an even better overlooked detail: even if you expand it to the top 25 cities, DC by far has the most employers hiring.

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Bethesda is the nation's most educated place - Washington Business Journal

In Bethesda, MD, 27.3 percent of the city's population has a professional or doctoral degree and 26.8 percent have a master's degree as the highest level of education. Only 1.9 percent of Bethesda's residents did not finish high school. Potomac, MD ranked No. 5 on the list. 

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Five private sectors that fueled D.C.'s recessionary job growth - Washington Business Journal

Five private sectors that fueled D.C.'s recessionary job growth - Washington Business Journal | Washington Economic News | Scoop.it
There were jobs to be had in Washington during the recession, thousands of them, as long as you were in the right field.
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State of the Union speech provides clues about federal hiring priorities

Sometimes a president’s speech can offer clues about job opportunities in the federal government.
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No. 1: Washington-Arlington-Alexandria, DC-VA-MD-WV - America's New Tech Hot Spots - Forbes

No. 1: Washington-Arlington-Alexandria, DC-VA-MD-WV - America's New Tech Hot Spots - Forbes | Washington Economic News | Scoop.it
Growth In STEM Employment, 2001-12: 21.1%
Growth over last 2 years: 3.7% (28th best over that period)
Data source: EMSI
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Washington area draws the young, older residents leave

Out with the old, in with the new? Washington leads the nation in new residents in their 20s and 30s, but many 55 and older are leaving. Over the three-year span marking the onset of the recession and the shaky recovery from it, Washington averaged an annual net gain of more than 10,000 people aged 25 to 34, more than any metro region. It was ahead of Houston, Denver, Austin and Portland, Ore. So many young adults flocked to the area while the rest of the nation struggled with mounting job losses and foreclosures that Washington soared in the census rankings for that age group from 45th before the recession to No. 1.


During that period, almost 7,000 more people 55 and older left the area than moved in, a number surpassed only by New York, Los Angeles and Chicago.

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European cities have worse traffic than Washington

European cities have worse traffic than Washington | Washington Economic News | Scoop.it

Washington takes perverse pride in being one of America’s most congested cities. But for really bad traffic, try Europe. Just be happy you’re not in Istanbul, or Warsaw, or Marseille. There, feel better?

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Seven of 10 richest counties are in Washington area - Washington Business Journal

Seven of 10 richest counties are in Washington area - Washington Business Journal | Washington Economic News | Scoop.it

New census numbers show that seven of the 10 counties with the highest household incomes in the nation are in the Washington area

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