The District’s health sector just lost more jobs than any other sector. Here’s why.

From The Washington Business Journal: The number of D.C. health care jobs was down by more than 2,000 in October compared with the previous year — the largest drop in any sector, according to a recent economic report from the District’s economists. But why? One regional economist pegs it to two things: industry consolidation and the simple

Loss of Discovery to NYC ‘diminishes business brand’ of D.C. region

From The Washington Business Journal: The loss of Silver Spring-based Discovery Communications Inc.’s global headquarters to New York City “diminishes” the Washington region’s business brand and hurts its efforts to recruit companies that diversify its economy, according to a local economist. “It sends a message to potential investors in the Washington metropolitan area that something is amiss,”

Is Washington’s Local Economy in Trouble?

From Washingtonian: For decades, the booming capital has outpaced the rest of the country. Recent data paints a scarier picture. The collapse begins on Capitol Hill. In 2018, Congress’s failure to pass a budget leads to a 10-percent cut in federal discretionary spending in the Washington area. Contracting firms begin layoffs. The newly unemployed stop

Despite political upheaval, Washington’s economy held strong in 2017

From The Washington Post: Many economists thought 2017 would be a tough year for the nation’s capital and its outlying suburbs. After all, in one of his first actions, newly elected President Trump imposed a federal hiring freeze as part of his promise to “drain the swamp.” His early budget proposals suggested Republicans would slash