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District of Columbia

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Payroll employment in the District of Columbia declined by 1,300 jobs (0.2 percent) in June. The unemployment rate edged up to 5.4 percent.

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Labor market icon showing three people Labor Market Conditions

  • "Labor market conditions softened in the District of Columbia in June. Employment declined modestly over the month and the strong job gain previously reported for May was revised down from 5,000 jobs to 2,800 jobs. Meanwhile, the unemployment rate edged higher and the labor force contracted slightly." – Joseph Mengedoth
  • Payroll employment in the District of Columbia declined by 1,300 jobs (0.2 percent), on net, in June. The most jobs were lost in the month in the education and health services industry (700 jobs), followed by professional and business services (600 jobs) and leisure and hospitality (300 jobs). The only sector that added a sizeable number of jobs in the month was government (700 jobs).
  • On a year-over-year basis, payroll employment in the District of Columbia increased by just 1,800 jobs (0.2 percent), on net. The most jobs were added over the year in leisure and hospitality (2,200 jobs) and government (2,200 jobs). Several sectors saw employment decline since last June, including education and health services (2,000 jobs), financial services (1,300 jobs) and professional and business services (600 jobs).
  • The unemployment rate in the District of Columbia edged up to 5.4 percent in June, which was up slightly from 5.3 percent in May and up 0.6 percentage point from 4.8 percent in June of last year.

Housing Market icon showing a picture of a house Housing Market Conditions

  • D.C. issued 88 new residential permits, up from the 40 issued in May. While this is up from the previous month, it is still lower than the 290 permits issued in June 2023.
  • According to the Federal Housing Finance Agency, home values in D.C. depreciated by 1.7 percent in Q1 of 2024 compared to Q4 of 2023. However, home values appreciated by 0.4 percent from Q1 of 2023 to Q1 of 2024.
Snapshot Resources
  • Term Definitions

    Payroll Employment
    The number of nonfarm jobs (persons on payrolls) according to where those jobs are located.

    Unemployment Rate
    The number of unemployed persons (those not employed but available and searching for work) as a percent of the civilian labor force (the total number of employed plus unemployed persons).

    Industry Structure
    A breakdown of total nonfarm jobs by industry. Percentages sum to 100 percent.

    Industry Growth
    The percentage change in jobs in each industry from a year ago.

    Building Permits
    The number of privately owned single-family and multi-family units authorized in permit-issuing places.

    House Price Index
    A repeat sales index, measuring average price changes in repeat sales or refinancings on the same single-family properties.

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Joseph Mengedoth (804) 762-2285