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District’s Unemployment Rate Drops to 8.9 Percent

Friday, August 17, 2012

District’s Unemployment Rate Drops to 8.9 Percent

District of Columbia Economy Gained 400 Private Sector Jobs in July

Washington, DC – The District of Columbia Department of Employment Services reported today that the preliminary July job estimates show an increase of 13,100 jobs, for a total of 749,900 jobs in the District. The private sector gained 400 jobs, while the public sector payrolls increased by 12,700 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 unemployment rate was 8.9 percent in July and is 0.2 percent lower from the previous month. The number of unemployed District residents decreased by 600 from 32,200 in June 2012 to 31,600 in July 2012. 
Based on more complete reporting from employers, previously released June estimates were revised upward to show an over-the-month (May-June), total non-farm employment increase of 4,700 jobs. The June revised unemployment rate stays at 9.1 percent.
 
Employment Overview
  • Trade, Transportation, and Utilities gained 100 jobs, after having no change in jobs in June. With employment at 27,500, jobs are up by 700 or 2.6 percent from a year ago.
  • Professional and Business Services lost 600 jobs, after a 2,400 job gain in June. With employment at 151,600, jobs are up by 1,600 or 1.1 percent from a year ago.
  • Leisure and Hospitality dropped 300 jobs, after a loss of 700 jobs in June. With employment at 64,600, jobs are up by 2,500 or 4.0 percent over the year.
  • Financial Activities lost 400 jobs, after having no change in jobs the prior month. With employment at 26,500, jobs are down by 200 or -0.7 percent from one year ago.
  • Educational and Health Services increased by 800 jobs, after a loss of 300 jobs the prior month. With employment at 118,200, jobs are up by 5,800 or 5.2 percent from a year ago. 
  • Other Services gained 500 jobs, after an increase of 600 jobs the prior month. At 69,800, employment is up by 1,400 or 2.0 percent from a year ago.
  • Construction gained 500 jobs, after a gain of 600 jobs in June. At 14,100, employment is up by 1,500 jobs or 11.9 percent from a year ago.
  • Information lost 100 jobs, after having no change in jobs in June. At 18,400, employment is down by 400 jobs or -2.1 percent from one year ago.
  • Manufacturing lost 100 jobs, after having no change in jobs in the prior month. With employment at 1,000, jobs were down by 100 or -9.1 percent from one year ago. Employment in manufacturing has remained constantly stable. Manufacturing is the smallest sector in the District, accounting for less than 0.2 percent of total payroll employment.
 
Labor Force Overview

  • The number of District residents employed increased by 200 over the month to 322,200. The civilian labor force decreased by 200 to 353,900. 
  • One year ago, total employment was 306,200 and the civilian labor force was 342,000.  The number of unemployed was 35,800, and the unemployment rate was 10.5 percent.
 
NOTES: The July final and August 2012 preliminary unemployment rate and survey of jobs data for the District will be released on Friday, September 21, 2012. 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 at 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 2011 annual benchmark revisions.
Industry employment data is not seasonally adjusted.
 
Announcement: Changes to the Procedures for Producing Current Employment Statistics (CES) State Estimates
Production of March Preliminary Current Employment Statistics Data
The production of State and metropolitan area Current Employment Statistics (CES) estimates has transitioned from State Workforce Agencies to the BLS with the production of preliminary estimates for March 2011.  Concurrent with this transition, the BLS will implement several methodological changes to standardize the estimation approach across States.  While these changes will reduce the potential for statistical bias in State and metropolitan area estimates, they may increase the month-to-month variability of the estimates.  More detailed information on the changes to procedures for producing CES estimates is available on the BLS Web site.