Overall unemployment rate moved down to 3.1% with the biggest shift in Transportation & Utilities, which gained 9,500 roles, based on the most recently available information published in January 2022.
Total employment in the Washington-Arlington-Alexandria, DC-VA-MD-WV market declined by 15,183 jobs in November and the unemployment rate decreased compared to the prior month by 20 bps to 3.1%. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- Washington-Arlington-Alexandria, DC-VA-MD-WV unemployment rate is 26 bps below the national rate which is a positive sign.
- Unemployment in the market is 80 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 1% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:
- Business Services: 806,100; +400
- Government: 722,400; +5,400
- Education & Healthcare: 449,500; +2,000
- Transportation & Utilities: 418,400; +9,500
- Restaurants & Hotels: 309,600; +1,300
- Other Jobs: 198,600; -500
- Construction, Mining: 166,800; -600
- Financial Services: 148,000; +500
- IT & Development: 80,600; +300
- Manufacturing: 57,000; -200
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.