The Washington Region Added 50,900 Jobs 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.

Congress’s Dysfunction May Have Slowed the Washington Region’s Economy

From The Washingtonian: Washington’s regional economy slowed in December, downshifting from an otherwise healthy 2017, according to a report released Tuesday by the the Stephen S. Fuller Institute at George Mason University. The results may reflect impacts from the dysfunction of Capitol Hill and complicate the outlook for 2018. The institute’s Washington Coincident Index, a broad measurement of

Schar School Stat: The Washington Leading Index

This piece ran in the Washington Business Journal in the Feb. 2, 2018 edition. The graphic was prepared by the Washington Business Journal using data supplied by the Institute. The Washington Leading Index, which is designed to forecast the performance of the region’s economy six to eight months in advance, increased in November, gaining 3.8 percent from

Why Til Hazel Has ‘Serious Concerns’ About Tysons

From Bisnow: Northern Virginia real estate legend Til Hazel, who has memories of the Tysons area dating back to World War II and has been instrumental in its development ever since, sees some major challenges facing Tysons’ economy and transportation network. “I wish I could say things about Tysons that were upbeat and optimistic, but I