Throughout the Washington, D.C. area, businesses in sectors such as retail, manufacturing and hospitality report a shortage of job applicants. With a tight labor market spurring competition for front-line and entry level workers, the number of job postings has soared to record levels. Meanwhile, many area employers are boosting wages to attract and retain workers.
Washington, D.C. market snapshot
MARCH 2022*
JOBS ADDED: +12,600 month over month
UNEMPLOYMENT RATE: 3.7%, down from 3.9% in February 2022
WAGE CHANGE: +3.5% year over year
- Nonfarm wage and salary employment in the Washington, D.C. area is up 0.8% from February 2022.
- Leisure and hospitality had the largest job growth (+62,700) among all supersectors.
- The unemployment rate in the U.S. is 3.6%, compared to 3.7% in the Washington, D.C. area.
*Note: Most recent data available.
SOURCES
- U.S. BLS, Local Area Unemployment Statistics
- Emsi, June 3, 2022
Need staffing solutions for your business?
