the 411 on 202

Written by on June 17, 2011

D.C. Economic Indicators*

Labor & Industry
• Jobs in D.C. for March 2011, up 6,100 (0.9%) from March 2010
• District resident employment for March 2011, down 300 (0.1%) from March 2010

People & Economy
• D.C. unemployment rate for March: 9.5%, no change from last month & 0.6% lower than 1 year ago
• The conventional home mortgage rate declined in March to 4.84%, from 4.95% in February.  The rate in March 2010 was 4.97%

Housing & Office Space
• There were 303 condos sold in March 2011, down 22.9% from 1 year ago
• The year to date median price increased 15.4% from 1 year ago for single family homes, and condos experienced an increase of 2.9% in the year to date median price
• In the 1st quarter of 2011 vacant commercial office space decreased by 0.2 million square feet from that of the 4th quarter of 2010

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

Posted Under: DC News