From The Washington Business Journal (Subscription required): Greater Washington’s population may be growing, but it continues to see a net loss of a key demographic — people who already live here. While the region added 65,910 residents in 2017, it came entirely from births and international immigration, according to data from the U.S. Census Bureau and…
This piece ran in the Washington Business Journal in the March 23, 2018 edition. The graphic was prepared by the Washington Business Journal using data supplied by the Institute. Between February 2017 and February 2018, the number of existing home sales in the Washington region decreased 0.3 percent (14 sales). This is the third consecutive year-over-year decrease,…
From The Washington Post via The Standard-Examiner: The Washington area’s job market appears to be pumping its brakes, newly released employment numbers suggest, as last year’s federal budget uncertainty, two brief government shutdowns and turmoil within some agencies made life difficult for federal contractors. The region added 43,800 jobs during the one-year period that ended in…
Population growth in the Washington region stabilized in 2017 and was modestly stronger than in 2016. Our region continues to lose residents to other parts of the nation, although the loss in 2017 was less severe than the losses in prior years. The moderating net domestic out-migration is likely the result of a slowdown in job growth in key metro areas that has likely diminished their relative attractiveness to potential out-migrants. Net international migration became the largest source of growth in 2016, surpassing the natural increase (births minus deaths).[1] Compared to the other 15 largest metro areas, the region continues to rank near the middle of the pack with the seventh fastest population growth and the ninth largest net domestic migration rate in 2017.
The Washington region added 50,900 jobs between 2016 and 2017 based on data released today from the U.S. Bureau of Labor Statistics (BLS), 5,600 fewer jobs than indicated by the preliminary release. The major revisions include (1) stronger job growth in the Other Services sector, which led the gains in 2017, (2) weaker job growth in the Professional & Business Services, Retail Trade, Leisure & Hospitality, and Education & Health sectors than initially reported, (3) downward revisions to growth during the summer months in the District of Columbia, (4) weaker growth in Suburban Maryland, including job decreases at the end of 2017, and (5) modest upward revisions to job growth in Northern Virginia.
