By Stephen S. Fuller, Ph.D. Download as a PDF› Recent reports have shown that the Washington region’s economy has underperformed its growth potentials over the past two years with these slower growth trends dating back to 2010. These trends include declining population growth (2.1% in 2010 down to 0.9% in 2016) and lagging economic growth…
By Stephen S. Fuller, Ph.D. Download as a PDF› At $500 billion, the Washington region’s economy ranked 5th in size in 2016 among the nation’s metropolitan areas. While this economic scale would seem sufficient to protect the region from the downdraft from reduced federal spending this may not be the case. Recent history confirmed the…
2016 lagged prior years’ growth Download this blog Download PDF› Download data by jurisdiction Download Excel File › In 2016, the Washington region had 6,131,977 residents, an increase of 53,508 (+0.9 percent) from 2015. Population growth in 2016 was the smallest in the past six years and below the 1990-2015 average growth rate of 1.5…
The net direct effect of the Trump budget, if implemented as proposed, would result in a decrease of from 20,000 to 24,600 federal jobs, taking between $2.3 and $2.7 billion of federal salaries out of the economy, a decrease of from $800 million to $1.2 billion in federal procurement spending, resulting in a loss of…
Job Gains Revised Down from Preliminary Releases The Washington region added 55,600 jobs between 2015 and 2016 based on data released today from the U.S. Bureau of Labor Statistics (BLS), or 16,800 fewer jobs than indicated by the preliminary releases. In the preliminary releases, the region had been on pace to add 72,400 jobs in…
