The economic consensus appears to be that a real recovery is taking hold. Here is yet another article on the topic.
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Perspective on the Washington Metropolitan Area Job Market
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Bob Corlett
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Scooped by Bob Corlett onto Washington Economic News |
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There were jobs to be had in Washington during the recession, thousands of them, as long as you were in the right field. Delete the scoop?
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Sometimes a president’s speech can offer clues about job opportunities in the federal government. Delete the scoop?
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Growth In STEM Employment, 2001-12: 21.1% Delete the scoop?
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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. Delete the scoop?
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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? Delete the scoop?
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New census numbers show that seven of the 10 counties with the highest household incomes in the nation are in the Washington area Delete the scoop?
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Compensation for workers in the Washington region rose 2.1 percent in 2012 after remaining virtually flat the previous year, a new survey shows. The median salary increase was the largest the area has seen since 2010, according to data compiled by consulting firm Akron on behalf of the Human Resource Association of the National Capital Area, but still fell short of the region’s 3.2 rate of inflation in 2011. Experts say the willingness to dole out modest raises could be a sign that employers are targeting their top-performing workers to keep them from jumping ship during the slow economic recovery. Delete the scoop?
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Roger Altman, a former deputy Treasury secretary and a co-founder of the investment firm Evercore partners, thinks the U.S. economy could be on the verge of an unexpected boom Delete the scoop?
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Well, we may be lazy, but we're not stupid. Of those who reside in the nation's largest cities, residents of Chicago are least likely to take a vacation, according to a new survey. Washingtonians, on the other hand, are the most likely to use up those vacation days. Delete the scoop?
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There are 667,300 professional-services firms in the nation's 115 major markets, according to recently released U.S. Census Bureau data for 2010. On Numbers used payroll and employment figures to calculate the pay per employee in each market. First place belongs to San Jose, where the typical professional-services worker is paid $111,500. Also above $90,000 are Oxnard-Thousand Oaks, Calif. ($96,000), Boston ($95,700), Washington ($93,600) and San Francisco-Oakland ($92,800). The average for the entire study group is $74,100. Delete the scoop?
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Eleven U.S. markets (including Washington) contain more than 100,000 small businesses each -- and an additional 14 metropolitan areas have between 50,000 and 100,000 apiece. Delete the scoop?
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For the second year in a row, the Washington DC metropolitan area ranked as the strongest local Delete the scoop?
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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. Delete the scoop?
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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, Delete the scoop?
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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.
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.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%. Delete the scoop?
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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 Delete the scoop?
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Career website Indeed.com ranks Washington the top market in the nation for computer science majors looking to land a job. Delete the scoop?
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This is not political, you can make your own conclusions. The biggest issue in this year's election is the economy. So the question members of both political teams keep asking Americans is, "Are you better off than you were four years ago?" Many Americans certainly aren't better off than they were four years ago, because they don't have jobs. But are average Americans better off than they were four years ago? And are things getting better or worse?
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DC is a nexus for political figures from around the world, and a hub for nonprofit, security, and healthcare enterprises. The D.C. metropolitan area has one of the highest concentrations of Ph.Ds per capita in the country, as well as many of the nation’s wealthiest counties. The district itself is a city filled with universities, young people, and fun things to do. Yet despite the remarkable levels of intelligence, ambition, money, resources, and innovation that characterize the nation’s capital, a flourishing startup scene is only now beginning to emerge. Delete the scoop?
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Rankings from an insurance company seem to confirm what you may have suspected: Drivers in D.C. are the worst in the country. Allstate says drivers in D.C. get into a crash and file a claim once every 4.7 years, making them 112 percent more likely to do so than a typical driver elsewhere in the country. Allstate says the average driver nationally gets in a wreck once a decade. Delete the scoop?
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What's the perfect host city for your upcoming event?Cvent set out to identify the top 50 meeting destinations in the United States. Every city has its own unique flavor, but which cities are the most popular among planners? Cvent evaluated over 1,000 cities, and all I can say is that DC ranked ahead of Las Vegas baby. Delete the scoop?
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When the economic statistics are reported each month, it’s easy to forget that they are just averages. Economic growth, unemployment, home prices and even inflation vary enormously from one place to another and from one part of the population to another. As a result, changes in the national numbers can create a false impression. The averages may be improving because some groups of Americans are faring a whole lot better, while other groups in the population may not be benefiting at all.
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Washington DC makes another top 10 list! There is a growing movement of people that believe biophilic cities--urban areas where humans have meaningful contact with nature--will be key to our happiness as the world’s urban population over the coming decades. Delete the scoop?
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