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District’s Unemployment Rate at 7.4 Percent

Friday, March 28, 2014

District’s Unemployment Rate at 7.4 Percent

Washington, DC – The District of Columbia Department of Employment Services reported today that the preliminary February job estimates show an increase of 1,000 jobs, for a total of 741,500 jobs in the District. The private sector gained 1,600 jobs, while the public sector payrolls decreased by 600 jobs. The numbers are drawn from the United States Bureau of Labor Statistics (BLS) through its monthly survey of the District of Columbia’s employers.  

The District’s seasonally adjusted unemployment rate in February was 7.4 percent, which is unchanged from the January revised rate. The number of unemployed District residents increased by 200 from 27,200 in January 2014 to 27,400 in February 2014.

Based on more complete reporting from employers, previously released January estimates were revised upward to show an over-the-month (December-January) total non-farm employment decrease of 8,100 jobs. The January revised unemployment rate is at 7.4 percent.

Employment Overview

  • Trade, Transportation, and Utilities increased by 100 jobs, after a loss of 1,000 jobs in January. With employment at 30,000, jobs are up by 1,400 or 4.9 percent from a year ago.
  • Professional and Business Services decreased by 300 jobs, after a decrease of 1,700 jobs in January. With employment at 154,400, jobs are down by 200 or -0.1 percent from a year ago.
  • Leisure and Hospitality had no over-the-month change in jobs, after a drop of 1,800 jobs in January. With employment at 65,500, jobs are up by 900 or 1.4 percent over the year.
  • Financial Activities decreased by 100 jobs, after a decrease of 300 jobs in the prior month. With employment at 28,500, jobs are up by 100 or 0.4 percent from one year ago.
  • Educational and Health Services increased by 2,300 jobs, after a decrease of 1,100 jobs in the prior month. With employment at 129,200, jobs are up by 6,900 or 5.6 percent from a year ago.
  • Other Services decreased by 600 jobs, after a drop of 200 jobs the prior month. With employment at 68,100, jobs are down by 400 or -0.6 percent from a year ago.
  • Construction increased by 100 jobs, after a loss of 300 jobs in January. With employment at 13,100, jobs are down by 500 or -3.7 percent from a year ago.
  • Information increased by 100 jobs, after a loss of 100 jobs in January. At 17,000, employment is down by 200 jobs or -1.2 percent from one year ago.
  • Manufacturing had no over-the-month job change, after having no over-the-month change in the prior month. With employment at 800, jobs are down by 200 or -20.0 percent from one year ago.

Labor Force Overview

  • The number of employed District residents increased by 1,100 over the month to 343,400. The civilian labor force increased by 1,300 to 370,800.
  • One year ago, total employment was 342,100 and the civilian labor force was 374,100.  The number of unemployed was 32,100, and the unemployment rate was 8.6 percent

 

NOTES: The February 2014 final and March 2014 preliminary unemployment rate and survey of jobs data for the District will be released on Friday, April 18, 2014. Historical jobs and labor force estimates for the District of Columbia and detailed labor market information is available at: http://does.dc.gov/page/labor-statistics

Technical Notes: Estimates of industry employment and unemployment levels are arrived through the use of two different monthly surveys.

Industry employment data are derived through the Current Employment Statistics (CES) survey, a monthly survey of business establishments conducted by the US Bureau of Labor Statistics (BLS) of the US Department of Labor, which provides estimates of employment, hours, and earnings data broken down by industry for the nation as a whole, all states, and most major metropolitan areas (often referred to as the “establishment” survey).

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.