Overall unemployment rate moved down to 2.3% with the biggest shift in Restaurants & Hotels, which gained 6,800 roles, based on the most recently available information published in June 2023.
Total employment in the Washington-Arlington-Alexandria, DC-VA-MD-WV market declined by 7,357 jobs in April and the unemployment rate decreased compared to the prior month by 40 bps to 2.3%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.
- Washington-Arlington-Alexandria, DC-VA-MD-WV unemployment rate is 80 bps below the national rate which is a positive sign.
- Unemployment in the market is 30 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 0.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Business Services: 804,800; no change
- Government: 727,600; -800
- Education & Healthcare: 455,400; -800
- Transportation & Utilities: 394,100; -600
- Restaurants & Hotels: 315,400; +6,800
- Other Jobs: 197,800; +2,400
- Construction, Mining: 164,400; +600
- Financial Services: 153,000; -200
- IT & Development: 79,100; +300
- Manufacturing: 56,000; +100
Data is based on the most recent 12 months available, through April 2023 (Data published June 2023 and reports created on June 8,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.