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D.C. Outlook for FY 2011 and FY 2012 includes:*

• Employment gains of 1,400 (0.2%) in FY 2011 and 7,100 (1.0%) in 2012.
• Unemployment rate of 10.1% in FY 2011 and 9.1% in FY 2012.
• Wages and salaries earned in D.C. grow 3.3% in FY 2011 and 4.0% in FY 2012.
• Wages and salaries of D.C. residents grow 4.8% in FY 2011 and 3.9% in FY 2012.
• Personal income growth of 2.7% in FY 2010 and 2.0% in FY 2012.
• The standard and Poor’s 500 stock index is forecast to decline 0.8% from the fourth quarter of 2009 to the fourth quarter of 2010, then increase 6.0% to the fourth quarter of 2011.

*DC Office of the Chief Financial Officer, Certification Letter December 2010