Friday, April 18, 2014
District’s Unemployment Rate at 7.5 Percent
Washington, DC – The District of Columbia Department of Employment Services reported today that the preliminary March job estimates show an increase of 3,000 jobs, for a total of 745,200 jobs in the District. The private sector gained 3,000 jobs, while the public sector payrolls had no over-the-month job change. 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 March was 7.5 percent, which is up 0.1 percentage point from the February revised rate of 7.4 percent. The number of unemployed District residents increased by 400 from 27,400 in February 2014 to 27,800 in March 2014.
Based on more complete reporting from employers, previously released February estimates were revised upward to show an over-the-month (January-February) total non-farm employment increase of 1,700 jobs. The February revised unemployment rate is at 7.4 percent.
- Trade, Transportation, and Utilities increased by 200 jobs, after a gain of 100 jobs in February. With employment at 30,200, jobs are up by 1,600 or 5.6 percent from a year ago.
- Professional and Business Services increased by 500 jobs, after an increase of 200 jobs in February. With employment at 155,400, jobs are up by 500 or 0.3 percent from a year ago.
- Leisure and Hospitality gained 1,900 jobs, after a gain of 100 jobs in February. With employment at 67,500, jobs are up by 1,200 or 1.8 percent over the year.
- Financial Activities increased by 100 jobs, after a decrease of 100 jobs in the prior month. With employment at 28,600, there was no change in jobs from one year ago.
- Educational and Health Services increased by 500 jobs, after an increase of 2,500 jobs in the prior month. With employment at 129,900, jobs are up by 7,200 or 5.9 percent from a year ago.
- Other Services decreased by 500 jobs, after a drop of 600 jobs the prior month. With employment at 67,600, jobs are down by 1,000 or -1.5 percent from a year ago.
- Construction increased by 300 jobs, after an increase of 100 jobs in February. With employment at 13,400, jobs are down by 300 or -2.2 percent from a year ago.
- Information had no over-the-month job change, after a gain of 100 jobs the prior month. 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 decreased by 600 over the month to 342,800. The civilian labor force decreased by 200 to 370,600.
- One year ago, total employment was 341,800 and the civilian labor force was 373,600. The number of unemployed was 31,800, and the unemployment rate was 8.5 percent.
NOTES: The March 2014 final and April 2014 preliminary unemployment rate and survey of jobs data for the District will be released on Friday, May 16, 2014. Historical jobs and labor force estimates for the District of Columbia and detailed labor market information is available here.
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.