Overall unemployment rate moved down to 4.9% with the biggest shift in Government, which lost 13,100 roles, based on the most recently available information published in September 2021.
Total employment in the Washington-Arlington-Alexandria, DC-VA-MD-WV market declined by 42,241 jobs in August and the unemployment rate decreased compared to the prior month by 20 bps to 4.9%. The national unemployment rate decreased by 38 bps over the same time to 5.3%.
- Washington-Arlington-Alexandria, DC-VA-MD-WV unemployment rate is 39 bps below the national rate which is a positive sign.
- Unemployment in the market is 290 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 4.7% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.3%. Key sectors include:
- Business Services: 789,300; +300
- Government: 674,400; -13,100
- Education & Healthcare: 431,000; +2,900
- Transportation & Utilities: 389,900; -4,300
- Restaurants & Hotels: 277,300; +2,000
- Other Jobs: 196,100; +2,100
- Construction, Mining: 162,900; -700
- Financial Services: 154,800; +1,700
- IT & Development: 73,300; -300
- Manufacturing: 55,900; -200
Data is based on the most recent 12 months available, through August 2021 (Data published September 2021 and reports created on September 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.