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Regional Economic Notes

The Washington Region Added 29,800 Jobs between April 2018 & April 2019

The Washington region’s job growth in 2019 continues to be subdued and the average gain in the first four months was 28,200, 20.0 percent smaller than the gain in 2018. Job growth in the region has also been increasingly concentrated both by sector and geography, a trend that extends back to the 2014. The Professional & Business Services and Leisure & Hospitality sectors accounted for nearly all (99.9%) of the average growth in the first four months of 2019. Similarly, job growth has been disproportionately concentrated in Northern Virginia, which captured 91.3 percent of the year-to-date gains.

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Regional Economic Notes

The Washington Region’s Population Increased 0.8 Percent in 2018

Population growth in the Washington region and all three sub-state areas slowed in 2018. The region continues to lose residents as a result of net domestic migration and 2018 marked the fifth consecutive year of losses from this component of population change. The rate of net domestic out-migration was more severe in 2018 compared to 2017, but not as sharp as in 2015 and 2016. Of the 15 largest metro areas, the region performed near the middle of the pack, ranking seventh in terms of population growth and tenth in terms of its net domestic migration rate in 2018.

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Regional Economic Notes

The Washington Region Added 20,700 Jobs between February 2018 & February 2019

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Regional Economic Notes

Don’t Underestimate the Importance of Amazon’s HQ2 Coming to Arlington

There can be no question that Amazon’s HQ2 location in Arlington County will have significant implications for the local and regional economies. The direct and indirect impacts have been widely reported: 25,000 or more jobs with an average salary of $150,000, an annual payroll of $3.75 billion or more, $4 billion in new construction outlays, the generation and support of tens of thousands of other jobs throughout the region’s economy cutting across all sectors and the generation of significant magnitudes of net fiscal benefits—revenues exceeding public expenses—to the benefit of Arlington County (at least $26 million annually at build out) and more than $164 million annually to the Commonwealth of Virginia beyond the costs of state provided new public services.

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Regional Economic Notes

The Washington Region Added 35,300 Jobs in 2018