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Washington, DC Economic Summary Updated 29, 2021 This summary presents a sampling of economic information for the area; supplemental data are provided for and the nation. Subjects include , , , prices, spending, and benefits. All data are not seasonally adjusted and some be subject to revision. Area definitions may differ by subject. For more area summaries and geographic definitions, see www.bls.gov/regions/economic-summaries.htm.

Unemployment rates for the nation and selected Average weekly wages for all industries by areas area, first quarter 2021 (U.S. = $1,289; Area = $1,748) Unemployment rates

8.5 5.3

7.8 Washington area 4.9

District of 8.9 6.3

6.7 Fairfax Co., VA 3.4

Prince George's 10.9 Co., MD 7.9

Prince William 7.5 Co., VA 3.8

0.0 5.0 10.0 15.0 Aug-20 Aug-21 Source: U.S. BLS, Local Area Unemployment Statistics. Source: U.S. BLS, Quarterly Census of Employment and Wages.

Over-the- changes in employment on nonfarm payrolls and employment by industry sector

Change from Aug. 12-month percent changes in employment Washington area employment Aug. 2021 2020 to Aug. 2021 15.0 ( in thousands) Number Percent 10.0 Total nonfarm 3,204.9 101.7 3.3 , logging, and 162.9 0.9 0.6 5.0 55.9 1.6 2.9 0.0 , transportation, and utilities 389.9 12.2 3.2 Information 73.3 -0.3 -0.4 -5.0 Financial activities 154.8 -0.5 -0.3 -10.0 Professional and business services 789.3 21.7 2.8 and services 431.0 23.5 5.8 -15.0 Leisure and hospitality 277.3 47.6 20.7 Aug-18 Aug-19 Aug-20 Aug-21 Other services 196.1 4.3 2.2 Washington area United States 674.4 -9.3 -1.4 Source: U.S. BLS, Current Employment Statistics. Source: U.S. BLS, Current Employment Statistics. Over-the-year change in the prices paid by urban Over-the-year changes in the selling prices received by consumers for selected categories producers for selected industries nationwide

12-month percent change in CPI-U, 2021 12-month percent changes in PPI 23.8 25.0 22.2 25.0 20.0 20.0 15.0 10.0 15.0 5.0 0.0 10.0 5.4 -5.0 4.4 5.0 3.2 3.4 -10.0 Aug-18 Aug-19 Aug-20 Aug-21 0.0 General freight trucking All items Energy Washington area U.S. average Telecommunications Source: U.S. BLS, Consumer Price Index. Source: U.S. BLS, Producer Price Index.

Average annual spending and percent distribution Average hourly wages for selected occupations for selected categories Washington United Occupation area States Average annual expenditures, United States and All occupations $37.12 $27.07 Washington area, 2019-20 100% $16,094 $10,754 89.46 71.59 80% $6,325 $5,185 $12,004 $7,205 60% Economists 68.55 58.11 $10,145 $7,744 40% $10,912 $10,257 Political 62.88 59.66 20% $33,572 $21,043 0% Statisticians 54.59 46.72 Washington area United States All other items Healthcare Public relations specialists 50.18 34.58 Personal & Food Transportation Social research assistants 31.75 25.75 Housing Source: U.S. BLS, Consumer Expenditure . Source: U.S. BLS, Occupational Employment and Statistics, May 2020.

Employer costs per hour worked for wages and Over-the-year changes in wages and salaries selected by geographic 12-month percent changes in ECI industry, United South 2021 States 5.0 Total compensation $34.11 $36.64 4.5 Wages and salaries 24.72 25.89 4.0 3.5 Total benefits 9.39 10.76 3.0 Paid leave 2.53 2.70 2.5 1.30 1.38 2.0 Supplemental pay 1.03 1.25 1.5 Insurance 2.25 2.79 1.0 Retirement and savings 1.05 1.25 0.5 0.0 Legally required benefits 2.53 2.77 (1) The states that compose the South Atlantic are: DE, DC, Jun-18 Jun-19 Jun-20 Jun-21 FL, GA, MD, NC, SC, VA, and WV. Washington area United States Source: U.S. BLS, Employer Costs for Employee Compensation. Source: U.S. BLS, Employment Cost Index.

Mid-Atlantic Information Office • [email protected] • https://www.bls.gov/regions/mid-atlantic • 215-597-3282