411 on the 202: DC Economic Indicators

Labor and Industry

  • Jobs in D.C. for February 2012, up 15,500 (2.2%) from February 2011
  • District resident employment for February 2012, up 2,000 (0.7%) from February 2011

People & Economy

  • D.C. unemployment rate for February: 9.9%, same as last month & 0.1% lower than 1¬†year ago
  • The conventional home mortgage rate decreased in February 2012 to 3.89% from 3.92% in January 2012.

Housing & Office Space

  • There were 283 condos sold in February 2012, 23.6% increase from 1 year ago
  • The year to date median price increased 15.6% from 1 year ago for single family homes, and condos experienced a slight increase of 0.4% in the year to date median price
  • In the 4th quarter of 2011 vacant commercial office space decreased by 0.4 million square feet from that of the 3rd quarter of 2011

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

Posted Under: DC News