D.C.'s Unemployment Rate Declines

From D.C.'s department of employment services:

The District's seasonally adjusted May 2007 unemployment rate was 5.6 percent, down 0.1 percent from the April 2007 rate. The May 2007 rate was 0.3 percent lower than the rate in May 2006. Nationally, the seasonally adjusted rate for May was 4.5 percent, according to a release.

(The seasonal unadjusted rate for May 2007 was 5.4 percent; up 0.2 percent over the month, but 0.6 percent lower than the May 2006 rate.)

"The number of District wage and salary jobs decreased by 2,500 in May 2007. The private sector decreased by 2,800 jobs while the public sector added 300 jobs. In the private sector, educational and health services declined by 4,200 jobs and information lost 100 while professional and business services gained 600 jobs, natural resources and construction and leisure and hospitality added 300 jobs each, and trade, transportation and utilities, financial activities and other services added 100 jobs each. Manufacturing was unchanged. In the public sector, the federal government added 300 jobs while the District government and transportation was unchanged.

"In the last 12 months, the District gained a total of 10,800 jobs. The private sector added 9,900 jobs and the public sector gained 900 jobs. The private sector growth occurred in professional and business services (up by 6,400 jobs), other services (up by 1,000 jobs), leisure and hospitality (up by 900 jobs), financial activities (up by 800 jobs), educational and health services (up by 500 jobs), information (up by 400 jobs), and natural resources and construction (up by 100 jobs). Trade, transportation and utilities were unchanged while manufacturing lost 200 jobs. In the public sector, the federal government gained 500 job and the District government and transportation added 200 jobs each."

By Dan Beyers  |  July 6, 2007; 7:32 AM ET  | Category:  Economy
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