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Washington, DC Metro October Jobs Breakdown

12/03/2014
nathan edwards, cassidy turley research, washington economic trends

See below for the latest Bureau of Labor Statistics rundown of the DC Metro jobs report for October 2014:

- The DC Metro Region added 500 net new jobs to payrolls in October 2014

- The September jobs totals (originally reported to be 3,300 new jobs) were revised downwards to -1,100

- The Job Gains were limited to Northern Virginia’s portion of the Metro region, with both the District of Columbia and Suburban Maryland posting net job losses

- DC Metro labor force participation fell again in October for the fourth straight month. Losses have averaged 7,400 workers leaving the labor force, per month, since June

- The largest employment gains by sector for the region were in Education and Healthcare Services and in Leisure and Hospitality, with 5,180 and 2,460 net new jobs, respectively

- Office-using private sectors were mixed with Information and Financial Services, each down over 400 jobs, while the Professional and Business Services sector was up 410 jobs for the region

- Federal Government employment was positive for the third month in a row and is averaging 800 new jobs

- Compared to year-end 2013, the DC region is down 1,200 jobs. Compared to October 2013, the region is up 6,500

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By: Nathan Edwards

Director of Research, Cassidy Turley - Washington, D.C.

nathan edwards, nathan edwards cassidy turley, cassidy turley, cassidy turley research, cassidy turley dc, cassidy turley washington dc

Email Nathan: Nathan.Edwards@cassidyturley.com

Follow Cassidy Turley on Twitter: @CassidyTurleyRE

More From Nathan Edwards:

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Distressed Office Assets in the DC Metro

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