The 411 on the 202

August 2010 DC Economic Indicators*

Labor & Industry
– Jobs in D.C. for June 2010, up 9,700 (1.4%) from June 2009
– District resident employment for June 2010, up 3,700 (1.2%) from June 2009

People & Economy
– D.C. unemployment rate for June: 10%, down 0.4% from last month & 0.1% 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 283 condos sold in June 2010, down 20.9% from 1 year ago
– In the 2nd quarter of 2010 vacant commercial office space decreased by 0.6 million square feet from that of the 1st quarter of 2010
*DC Office of Revenue Analysis and Office of the Chief Financial Officer