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District’s Unemployment Rate Drops to 7.6 Percent in December 2013

Wednesday, March 5, 2014

District’s Unemployment Rate Drops to 7.6 Percent in December 2013

District of Columbia Revised Unemployment Rate Is 1.1 Percentage Points Lower Than Previous Year
Washington, DC -The District of Columbia Department of Employment Services reported today that the revised December 2013 seasonally adjusted unemployment rate is at 7.6 percent, which is 1.1 percentage points lower than the December 2012 rate of 8.7 percent. The December 2013 rate was 2.1 percentage points lower than the December 2011 rate of 9.7. The District’s seasonally adjusted unemployment rate has continued to show moderate over-the-month and over-the-year decreases. 
 
Labor Force Overview

  • The District’s civilian labor force from December 2013 to December 2012 decreased by 5,800 to 368,100; meanwhile, the number of employed decreased by 1,300 to 340,200, and the number of unemployed decreased by 4,500 to 27,900. This resulted in an unemployment rate decrease of 1.1 percentage points from December 2012.
  • The District’s civilian labor force from December 2013 to December 2011 increased by 15,400 to 368,100; meanwhile, the number of employed increased by 21,900 to 340,200, and the number of unemployed decreased by 6,400 to 27,900. This resulted in an unemployment rate decrease of 2.1 percentage points from December 2011.
NOTES: The January 2014 preliminary unemployment rate and survey of jobs data for the District will be released on Monday, March 17, 2014. Historical jobs and labor force estimates for the District of Columbia and detailed labor market information is available here
 
Technical Notes: The District’s seasonally adjusted unemployment rates in 2013 were largely due to model re-estimations. Resident employment and unemployment data are mainly derived from the District’s portion of the national Current Population Survey (CPS), a household survey conducted each month by the US Census Bureau under contract with BLS, which provides input to the Local Area Unemployment Statistics (LAUS) program (often referred to as the “household” survey). 
 
Both industry and household estimates are revised each month based on additional information from updated survey reports compiled by BLS. In addition, these estimates are benchmarked (revised) annually based on actual counts from the District’s Unemployment Compensation Law administrative records and other data.
 
Data reflects 2013 annual benchmark revisions.
 
Industry employment data is not seasonally adjusted.