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