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Written by on February 1, 2012

D.C. Economic Indicators*

Labor & Industry
·    Jobs in D.C. for November 2011, up 1,800 (0.3%) from November 2010
·    District resident employment for November 2011, up 500 (0.2%) from November 2010

People & Economy
·    D.C. unemployment rate for November: 10.6.0%, down 0.4% from last month & 0.9% higher than one year ago
·    The conventional home mortgage rate decreased in November 2011 to 3.99% from 4.07% in October 2011.

Housing & Office Space
·    There were 234 condos sold in November 2011, a 15.3% increase from 1 year ago
·    The year to date median price increased 7.4% from 1 year ago for single family homes, and condos experienced a decrease of 2.4% in the year to date median price
·    In the 3rdquarter of 2011 vacant commercial office space increased by 0.2 million square feet from that of the 2ndquarter of 2011

*DC Office of Revenue Analysis, January 2012 DC Economic Indicators

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