the 411 on 202

Written by on February 25, 2011

D.C. Economic Indicators*

Labor & Industry
• Jobs in D.C. for November 2010, up 23,900 (3.4%) from November 2009
• District resident employment for November 2010, up 4,800 (1.6%) from November 2009

People & Economy
• D.C. unemployment rate for November: 9.8%, up 0.1% from last month & 1.8% lower 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.

Housing & Office Space
• There were 203 condos sold in November 2010, down 7.7% from 1 year ago
• The year to date median price increased 1.0% from 1 year ago for single family homes, and condos experienced an increase of 4.5% in the year to date median price
• In the 3rd quarter of 2010 vacant commercial office space decreased by 1.1 million square feet from that of the 2nd quarter of 2010

*DC Office of Revenue Analysis, January 2011 DC Economic Indicators

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