New data shows that unemployment in DC is at its lowest level since the late-1980s.
A report out Thursday from DC's Office of Revenue Analysis states that the unemployment rate in the District last fall was 4.6%, the lowest it has been in 34 years. The numbers, published by the Bureau of Labor Statistics, show a drop from 6.5% in late 2021.
"While the unemployment rate can sometimes be skewed by a lower amount of people looking for work than normal, that would not appear to be the case as the DC employment to population ratio is also at all-time highs," DC's Office of Revenue Analysis stated.
Along with DC, 28 other states hit an all-time low for unemployment in 2022. On Friday, the Bureau of Labor Statistics reported that the unemployment rate in the U.S. had fallen to 3.5%.
Thumbnail photo courtesy of Ted Eytan.
This article originally published at https://dc.urbanturf.com/articles/blog/dcs_unemployment_rate_at_34-year_low/20474.
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