Friday, July 18, 2014
District’s Unemployment Rate drops to 7.4 Percent
Washington, DC – The District of Columbia Department of Employment Services reported today that the preliminary June job estimates show an increase of 5,700 jobs, for a total of 752,200 jobs in the District. The private sector gained 4,600 jobs, while the public sector payrolls increased by 1,100 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 June was 7.4 percent, which is down by 0.1 percentage point from the revised May rate of 7.5 percent. The number of unemployed District residents decreased by 500 from 27,800 in May 2014 to 27,300 in June 2014.
Based on more complete reporting from employers, previously released May estimates were revised downward to show an over-the-month (April-May) total non-farm employment decrease of 2,800 jobs. The May revised unemployment rate is at 7.5 percent.
- Trade, Transportation, and Utilities increased by 1,000 jobs, after decreasing by 100 jobs in May. With employment at 31,300, jobs are up by 2,500 or 8.7 percent from a year ago.
- Professional and Business Services increased by 3,200 jobs, after an increase of 800 jobs in May. With employment at 160,400, jobs are up by 3,600 or 2.3 percent from a year ago.
- Leisure and Hospitality gained 300 jobs, after a gain of 1,600 jobs in May. With employment at 71,800, jobs are up by 2,400 or 3.5 percent over the year.
- Financial Activities gained 200 jobs, after a gain of 200 jobs in the prior month. With employment at 29,000, jobs are up by 300 or 1.0 percent from one year ago.
- Educational and Health Services decreased by 1,400 jobs, after a decrease of 5,800 jobs in the prior month. With employment at 122,900, jobs are up by 6,300 or 5.4 percent from a year ago.
- Other Services increased by 900 jobs, after a gain of 400 jobs the prior month. With employment at 69,100, jobs are down by 900 or -1.3 percent from a year ago.
- Construction increased by 300 jobs, after an increase of 200 jobs in May. With employment at 14,300, jobs are up by 200 or 1.4 percent from a year ago.
- Information increased by 200 jobs, after a decrease of 100 jobs the prior month. With employment at 17.100, jobs are down by 100 or -0.6 percent from one year ago.
- Manufacturing lost 100 jobs, after a gain of 100 jobs 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 1,200 over the month to 343,600. The civilian labor force increased by 700 to 370,900.
- One year ago, total employment was 338,900 and the civilian labor force was 370,200. The number of unemployed was 31,300, and the unemployment rate was 8.5 percent.
NOTES: The June 2014 final and July 2014 preliminary unemployment rate and survey of jobs data for the District will be released on Monday, August 18, 2014. Historical jobs and labor force estimates for the District of Columbia and detailed labor market information 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.