Overall unemployment rate moved down to 5.7% with the biggest shift in Government, which gained 5,600 roles, based on the most recently available information published in April 2021.
Total employment in the Washington-Arlington-Alexandria, DC-VA-MD-WV market rose by 20,991 jobs in February and the unemployment rate decreased compared to the prior month by 30 bps to 5.7%. The national unemployment rate decreased by 26 bps over the same time to 6.6%.
- Washington-Arlington-Alexandria, DC-VA-MD-WV unemployment rate is 85 bps below the national rate which is a positive sign.
- Unemployment in the market is 270 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in February versus prior month by 6.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:
- Business Services: 764,800; +4,900
- Government: 701,700; +5,600
- Education & Healthcare: 425,400; +3,800
- Transportation & Utilities: 385,800; -5,600
- Restaurants & Hotels: 223,200; +2,600
- Other Jobs: 187,700; -200
- Construction, Mining: 157,200; -1,500
- Financial Services: 152,500; no change
- IT & Development: 72,500; -600
- Manufacturing: 54,800; +700
Data is based on the most recent 12 months available, through February 2021 (Data published April 2021 and reports created on April 9, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.