Thursday, August 30, 2007

One more thing...the regional unemployment rate is down 1/5th of 1% regionally!!!

According to the Washington Business Journal today, the unemployment rate for the region is down 1/5th of 1% for the month of July with job growth for the month increasing by 52,000 regionally and 11,200 in DC alone.

WHAT DOES ALL THIS MEAN? Let's take a closer look at the figures reported today alone...

MD Median Income $51,847 (up 6.4%)
DC Median Income $65,144
VA Median Income $56,277
Unemployment Rate Regionally 3.2%(down from 3.5%)
DC Unemployment Rate 6% (Down from 6.6%)
Real Estate growth rate (06/06-06/07) (4%)
Quarterly Growth Rate (0.4%)
Job Growth for July 52,000
Foreclosure rate 1 in 16,000

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