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 — […]
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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 […]
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The Washington Region’s Economy Slowed in 2017
- Post author By Keith Waters
- Post date March 23, 2018
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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 […]
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The Washington Region’s Population Increased 1.1 Percent in 2017
- Post author By SFI Admin
- Post date March 23, 2018
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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.
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The Washington Region Added 50,900 Jobs in 2017
- Post author By SFI Admin
- Post date March 12, 2018
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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.