Job Market News
D.C. area jobless rate dropped to 5.1 percent in December
Sarah Halzack reports that employment gains were largely clustered in the DC bar, restaurant, retail and real estate scenes, while government and private business hires were negative to low. Full Story.
Yes, the Sequester Is Affecting the Job Market
Catherine Rampell of The New York Times writes, "The across-the-board automatic federal budget cuts that began in March do not seem to be derailing the recovery so far, given that the job market over all has continued to grow. And certainly some of the scariest predictions about the sequester didn’t come true (partly because Congress stepped in to prevent their occurrence). But if you look closely at the data, the sequester still does seem to be affecting certain industries pretty badly." Full Story.
Do Employers Care About Applicants' College GPA?
Patrick O'Brien, author of "Making College Count," recently told USA Today that given the difficult nature of today's job market, students' GPA has never been more of a decisive factor in finding employment. Full Story.
Jobs Report: Steady hiring continues
CNN reports, "The jobs recovery continued to crawl forward at a slow pace in January, and there's little hope it will pick up any time soon." Full Story.
DC's "Wellbeing" is High
The good news locally is that DC area residents scored second on "wellbeing" as defined by Gallup. Full Story
Generally Positive News
The job market news was generally positive last month, but then it turned out that other parts of the economy aren't following suit. Full Story
Slow, but growing prospects for the DC job market
George Mason University's Dr. Steven Fuller, director of the school's Center for Regional Analysis, discussed the slow, but growing prospects for the DC job market on here.
Fewer Seeking Unemployment as Job Market Improves
The national news about the labor market continues to be generally positive. Applications for unemployment benefits dropped again last week and the unemployment rate is at a three-year low of 8.5 percent. AP reports that, "The figures came one day before the government is expected to report that January marked another solid month for hiring." Full Story
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