D.C. Economic Indicators (April 2010)*

People & Economy
D.C. unemployment rate for February: 11.9%, down 0.1% from last month & 3.1% higher than 1 year ago
The share of filers with incomes less than $50,000 declined 1.8% between 2007 and 2008, while the share of filers with income $100,000 and over increased by 3% over the same period.

Labor & Industry
Jobs in D.C. for February 2010, up 1,600 (0.2%) from February 2009
District resident employment for February 2010, down 6,900 (-2.3%) from Feb. 2009

Housing & Office Space
There were 213 condos sold in February 2010, there was no change from 1 year ago
The year to date median price decreased 5.6% from 1 year ago for single family homes, while condos experienced a decline of 6.6% 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

Cash Collections
FY 2010 (Oct. – Mar.) Total collections before earmarking down 0.3% from 1 year ago
FY 2010 (Oct. – Mar.) Individual income tax collections down 2.9% from 1 year ago
FY 2010 (Oct. – Mar.) All deed tax collections down 6.3% from 1 year ago
FY 2010 (Oct. – Mar.) General sales tax collections down 8.3% from 1 year ago
FY 2010 (Oct. – Mar.) Business income tax collections up 3.3% from 1 year ago

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