From The Washington Post: The Washington area’s economy has long had its share of inequalities. Technology is continuing to exacerbate the differences between the haves and have-nots, two economic studies released in the past week suggest, as innovations in fields such as IT and mobile technology create high-paying jobs for some while eroding pay and…
Between October 2016 and October 2017, the Washington region added 46,400 payroll jobs. Monthly over-the-year gains in the region have slowed since peaking in July 2017. October followed September’s trends and gains this fall were relatively weaker than during the summer in the Education Services and Entertainment sub-sectors.
The average sales price in the Washington region was $466,430 for existing homes sold between January and October 2017. Compared to the same period in 2016, prices increased 4.0 percent, marking the largest gain since 2013.
From Bisnow: A reversal of D.C.’s migration patterns combined with a reduction in federal spending could prove disastrous for the area’s economy, but its economic development leaders are brainstorming some new ideas to help the economy grow. The Stephen S. Fuller Institute released a report in September that showed more people are leaving the D.C. region than moving to it. Over the last…
Arlington, VA— Each month jobs numbers are reported to provide insight into the status of the economy. A new report from The Stephen S. Fuller Institute reveals that with the rise of the gig-economy the nature of work may be changing, yet the way in which we monitor our economy has not. So, while job…
