Overall unemployment rate moved up to 3.6% with the biggest shift in Business Services, which lost 4,000 roles, based on the most recently available information published in September 2022.
Total employment in the Washington-Arlington-Alexandria, DC-VA-MD-WV market declined by 42,472 jobs in August and the unemployment rate increased compared to the prior month by 10 bps to 3.6%. The national unemployment rate stayed flat over the same time period at 3.8%.
- Washington-Arlington-Alexandria, DC-VA-MD-WV unemployment rate is 19 bps below the national rate which is a positive sign.
- Unemployment in the market is 170 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 1.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.1%. Key sectors include:
- Business Services: 802,000; -4,000
- Government: 697,500; +2,500
- Education & Healthcare: 435,400; -1,100
- Transportation & Utilities: 409,100; +1,500
- Restaurants & Hotels: 312,500; -3,200
- Other Jobs: 199,500; +200
- Construction, Mining: 165,000; -1,500
- Financial Services: 150,800; +100
- IT & Development: 80,400; +800
- Manufacturing: 56,400; -100
Data is based on the most recent 12 months available, through August 2022 (Data published September 2022 and reports created on September 28, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.