The caption on this photo was “Unemployment Beard: Week 2”
On the assumption that people don’t buy houses when they don’t have jobs, I’m going to share some new unemployment stats.
Unemployment increased in Maryland, Washington D.C. and Virginia, according to the last Bureau of Labor Statistics report issued on Friday. The seasonally adjustement unemployment rate in D.C. is almost ten percent. The Washington Busines Journal offers more details on which sectors are losing the most jobs:
In February 2008, 20,100 people were out of work in D.C. In February 2009, that number jumped to 32,800, representing an increase of 3.8 percentage points from 6.1 percent to 9.9 percent.
Between January and February of this year, D.C. reported an dip in employment of 3,600 as D.C.’s two largest sectors shrunk.
For the professional services, payroll numbers decreased from January to February from 153,600 to 152,600 employees. The number of government workers also dipped from 236,000 to 235,600 workers. That data is also seasonally adjusted by BLS economists.
Image by Atomatic, Flickr Creative Commons