Jobs in Washington, D.C.
Many People had trouble finding jobs in Washington, D.C during the month of November, according to the most recent statistics from the U.S. Department of Labor. Data shows that unemployment rose from 7.3 percent in October to 7.3 percent in November.
This is a drastic increase from the same month in 2007, when only 5.7 percent of the city’s population was without work. Aside from showing the effects the recession is having on the area, the rise in unemployment has also caused the city to have the highest joblessness rate that it has had since
Things are expected to get better for some time now, if the city’s Chief Financial Officer Natwar M. Gandhi is to be believed. According to him, unemployment will likely hit 9.8 percent some time in 2010. Many experts believe that the recession won’t be fully over until 2011, so this is possible.
Over the course of the last 12 months the industry that has seen the largest decrease in Washington, D.C. jobs is the manufacturing industry, where employment has fallen by 11.8 percent, according to the Bureau of Labor Statistics. Throughout the nation this sector has been practically bleeding jobs for some time now.
Other industries that have lost jobs are information, where employment has fallen by 1.9 percent, financial activities, with a decline of 1.7 percent, and the government sector, where there are now 0.5 percent less jobs than there were last year.
The biggest increase in Washington, D.C jobs since last year occurred in the catch-all category of “other services”, which saw a 3.3 percent growth rate. Another sector that saw significant growth was education and health services, which posted a 2.6 percent increase. This industry has remained a bright spot in employment throughout the country, mostly because many of the services it provides are necessary for life.