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D.C. Economic Indicators (February 2010)*

Labor & Industry
-Jobs in D.C. for December 2009, up 6,100 (0.9%) from December 2008
-District resident employment for December 2009, down 9,700 (-3.2%) from December 2008

Revenue
-Real property tax revenue increased 8.9% in FY2009 and is expected to decline 2.7% in FY2010
-Individual income tax revenue declined 15.4% in FY2009 and is expected to grow 7.4% in FY2010
-General sales tax revenue declined 4.1% in FY2009 and is expected to increase 4.2% in FY2010
-Total tax revenue before earmarks declined 4.6% in FY2009 and is expected to experience growth of 0.2% in FY2010

People & Economy
-D.C. unemployment rate for December: 12.1%, up 0.3% from last month & 3.9% higher than 1 year ago
-The share of filers with income less than $30,000 declined by 3.5% between 2006 and 2007, while the share of filers with income $500,000 and over increased by 6.7%

Housing & Office Space
-There were 157 condos sold in December 2009, up 18.9% from 1 year ago
-The year to date median price declined 18.4% from 1 year ago for single family homes, while condos experienced a decline of 1.1% in the year to date median price
-In the 4th quarter of 2009 vacant commercial office space increased by 0.6 million square feet over that of the 3rd quarter of 2009

*DC Office of Revenue Analysis and Office of the Chief Financial Officer