D.C. Labor Market Indicators · Prepared by the Office of Labor Market Research and Performance 1....

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Department of Employment Services Washington, DCs lead workforce development and labor agency D.C. Labor Market Indicators: October 2019 Dr. Unique Morris-Hughes, Director Ta-Tanisha Wallace, Chief Strategist for Education and Workforce Innovation Saikou A. Diallo, Chief Economist Prepared by the Office of Labor Market Research and Performance 1

Transcript of D.C. Labor Market Indicators · Prepared by the Office of Labor Market Research and Performance 1....

Page 1: D.C. Labor Market Indicators · Prepared by the Office of Labor Market Research and Performance 1. Department of Employment Services Washington, DC’s lead workforce development

Department of Employment ServicesWashington, DC’s lead workforce development and labor agency

D.C. Labor Market Indicators: October 2019

Dr. Unique Morris-Hughes, Director

Ta-Tanisha Wallace, Chief Strategist for

Education and Workforce Innovation

Saikou A. Diallo, Chief Economist

Prepared by the Office of Labor Market Research and Performance

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Page 2: D.C. Labor Market Indicators · Prepared by the Office of Labor Market Research and Performance 1. Department of Employment Services Washington, DC’s lead workforce development

Department of Employment ServicesWashington, DC’s lead workforce development and labor agency

• From January 2015 to October 2019:❖ The unemployment rate in DC decreased by 2.0 percentage points (or 27.0%

decrease);❖ Unemployment rate in Ward 7 and Ward 8 decreased by 3.9 percentage points

(30.2% decrease) and 4.3 percentage points (26.7% decrease) respectively;❖ Total number of DC residents that are employed increased by 33,000;❖ Total number of jobs in DC increased by 49,800;❖ Initial monthly unemployment insurance benefits claimants decreased by 10.07%;❖ Total number of unemployed DC residents decreased by 6,600 people;❖ In DC there are 2.3 jobs available (advertised) for 1 unemployed DC resident;❖ The average weekly median duration of unemployment for Black and African

American decreased by 17.2 weeks;❖ The private sector total number of payroll jobs in the District increased by 49,000 new

jobs or 9.42% increase from January 2015;❖ Professional and Business Services has the highest employment increase by industry

with 15,000 since January 2015;❖ The highest in-demand occupation is Software Developers, Applications with an

average monthly opening of 4,038;❖ The highest in-demand occupation requiring less than a bachelor’s degree is

Computer User Support Specialists with an average monthly opening of 1,988.

Highlights

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Page 3: D.C. Labor Market Indicators · Prepared by the Office of Labor Market Research and Performance 1. Department of Employment Services Washington, DC’s lead workforce development

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6.9

6.1

6.2

5.6

5.0

5.2

5.4

5.6

5.8

6.0

6.2

6.4

6.6

6.8

7.0

2015 2016 2017 2018

DC Annual Unemployment Rate (2015-2018)

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7.4

6.4

6.0

5.8

5.4 5.4

5.4

5

5.5

6

6.5

7

7.5

8

Jan

-15

Feb

-15

Mar

-15

Ap

r-15

May

-15

Jun

-15

Jul-

15A

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Sep

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Oct

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No

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6Ju

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6Ju

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6S

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Dec

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Jan

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Feb

-17

Mar

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Ap

r-17

May

-17

Jun

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Jul-

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Sep

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Oct

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No

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-18

Dec

-18

Jan

-19

Feb

-19

Mar

-19

Ap

r-19

May

-19

Jun

-19

Jul-

19A

ug

-19

Sep

-19

Oct

-19

The District's Monthly Unemployment Rate: Jan. 2015 - Oct. 2019

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5.7%

3.6%

-2.1%

7.4%

5.4%

-2.0%-2.1%

-0.1%

1.9%

3.9%

5.9%

7.9%

Jan-15 Oct-19 Difference (Jan-15 - October-19)

Un

emp

loy

men

t R

ate

Unemployment Rate (January 2015 - October 2019)

USA

D.C.

Page 6: D.C. Labor Market Indicators · Prepared by the Office of Labor Market Research and Performance 1. Department of Employment Services Washington, DC’s lead workforce development

Department of Employment ServicesWashington, DC’s lead workforce development and labor agency

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5.9%

5.3%

5.0%

7.3%

9.6%

6.6%

12.9%

16.1%

4.0%

3.8%

3.6%

4.8%

6.6%

4.4%

9.0%

11.8%

-1.9%

-1.5%

-1.4%

-2.5%

-3.0%

-2.2%

-3.9%

-4.3%

-5.0% 0.0% 5.0% 10.0% 15.0%

Ward 1

Ward 2

Ward 3

Ward 4

Ward 5

Ward 6

Ward 7

Ward 8

Unemployment Rate by Ward (January 2015 - October 2019)

Difference Oct-19 Jan-15

Page 7: D.C. Labor Market Indicators · Prepared by the Office of Labor Market Research and Performance 1. Department of Employment Services Washington, DC’s lead workforce development

Department of Employment ServicesWashington, DC’s lead workforce development and labor agency

Unemployment Rate by Ward: October 2019

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Page 8: D.C. Labor Market Indicators · Prepared by the Office of Labor Market Research and Performance 1. Department of Employment Services Washington, DC’s lead workforce development

Department of Employment ServicesWashington, DC’s lead workforce development and labor agency

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755,500

805,300

49,800

520,000

569,000

49,000

0

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

Jan-15 Oct-19 Difference (Jan-15 - October-19)

Total Number of Jobs and Total Private Sector Jobs in DC (Jan. 2015 - October 2019)

Total Number of Jobs in D.C. Total Private Sector Jobs in D.C.

Page 9: D.C. Labor Market Indicators · Prepared by the Office of Labor Market Research and Performance 1. Department of Employment Services Washington, DC’s lead workforce development

Department of Employment ServicesWashington, DC’s lead workforce development and labor agency

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756

762 763

773

784780

776

784

789 790786

793 797792 794

795 795 794

799

799805

520

526 526

536

545

542

535

546

549 549

546

554

559

555556

558 558

557

561

562

569

515

525

535

545

555

565

575

710

730

750

770

790

810

830

P

r

i

v

a

t

e

S

e

c

t

o

r

E

m

p

l

o

y

m

e

n

t

T

o

t

a

l

E

m

p

l

o

y

m

e

n

t

Total Employment and Private Sector Employment in D.C. (Jan.2015 - Oct. 2019) (In Thousands)

Total Employment (in Thousand) Total Private Sector Employment (in Thousand)

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383.9

391.0

395.6

404.5404.0

411.9

411.4

370.0

375.0

380.0

385.0

390.0

395.0

400.0

405.0

410.0

415.0

Jan

-15

Feb

-15

Mar

-15

Ap

r-15

May

-15

Jun

-15

Jul-

15

Au

g-1

5

Sep

-15

Oct

-15

No

v-1

5

Dec

-15

Jan

-16

Feb

-16

Mar

-16

Ap

r-16

May

-16

Jun

-16

Jul-

16

Au

g-1

6

Sep

-16

Oct

-16

No

v-1

6

Dec

-16

Jan

-17

Feb

-17

Mar

-17

Ap

r-17

May

-17

Jun

-17

Jul-

17

Au

g-1

7

Sep

-17

Oct

-17

No

v-1

7

Dec

-17

Jan

-18

Feb

-18

Mar

-18

Ap

r-18

May

-18

Jun

-18

Jul-

18

Au

g-1

8

Sep

-18

Oct

-18

No

v-1

8

Dec

-18

Jan

-19

Feb

-19

Mar

-19

Ap

r-19

May

-19

Jun

-19

Jul-

19

Au

g-1

9

Sep

-19

Oct

-19

The District's Labor Force (Jan. 2015 - Oct. 2019) (In Thousands)

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355.3356.6

359.5

362.6

365.1

368.1 368.3369.2

371.3

375.8 376.4 377.2 377.7

382.6 382.5 381.7 381.9383.3

388.1

389.7 389.4

345.0

350.0

355.0

360.0

365.0

370.0

375.0

380.0

385.0

390.0

395.0

Employed D.C. Residents (Jan. 2015 - Oct. 2019) (In Thousands)

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12.8

16.0

3.2

42.5

25.3

-17.2

19.5

33.9

14.4

28.5

21.5

-7.0

-20

-10

0

10

20

30

40

50

Jan-15 Oct-19 Difference

Median Duration of Unemployment (in weeks) (Jan. 2015 - Oct. 2019)

White Black Hispanic All Races

Page 13: D.C. Labor Market Indicators · Prepared by the Office of Labor Market Research and Performance 1. Department of Employment Services Washington, DC’s lead workforce development

Department of Employment ServicesWashington, DC’s lead workforce development and labor agency

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+15,000

+12,100

+7,500

+6,000

+4,100

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

Professional and Business

Services

Leisure and Hospitality Other Services Educational and Health

Services

Information

Top 5 Industry with Highest Employment Increase (Jan.2015 – Oct. 2019)

Page 14: D.C. Labor Market Indicators · Prepared by the Office of Labor Market Research and Performance 1. Department of Employment Services Washington, DC’s lead workforce development

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52,221

49,579

-2,642

28,600

22,000

-6,600

Jan-15

Oct-19

Difference

Job Openings vs. Number of Unemployed DC Residents (Jan. 2015 - Oct. 2019)

Number Unemployed in D.C. Number of Job Openings (Advertised Jobs)

Page 15: D.C. Labor Market Indicators · Prepared by the Office of Labor Market Research and Performance 1. Department of Employment Services Washington, DC’s lead workforce development

Department of Employment ServicesWashington, DC’s lead workforce development and labor agency

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4,038

3,274

2,8632,651 2,510

$113,750$118,800 $117,850

$88,800

$103,300

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

Software Developers,

Applications

Computer Occupations,

All Other

Information Security

Analysts

Registered Nurses Management Analysts

An

nu

al M

edia

n W

ages

Job

Op

enin

gs

Top 5 Job Openings: January 2017 - October 2019 (Average Monthly Unique Job

Postings)

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1,988

1,625

1,198

937 893

$66,390

$86,580

$73,800

$69,830

$48,220

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

$90,000

$100,000

0

500

1,000

1,500

2,000

2,500

Computer User Support

Specialists

Web Developers First-Line Supervisors of

Office and

Administrative Support

Workers

Executive Secretaries and

Executive Administrative

Assistants

Secretaries and

Administrative

Assistants, Except Legal,

Medical, and Executive

An

nu

al M

edia

n W

ages

Job

Op

enin

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Top 5 Job Openings Requiring Less Than Bachelor's Degree: January 2017 - October 2019 (Avg

Monthly Unique Job Postings)

Page 17: D.C. Labor Market Indicators · Prepared by the Office of Labor Market Research and Performance 1. Department of Employment Services Washington, DC’s lead workforce development

Department of Employment ServicesWashington, DC’s lead workforce development and labor agency

• Opeyemi Fasakin, Labor Economist

• Thomas Tsegaye, Labor Economist

• Data Request: https://app.smartsheet.com/b/form/631658c092ef4395ab27b76716df8068

• Email: [email protected]

• Phone: (202) 671-1633

• Website: www.does.dc.gov

• http://does.dc.gov/page/labor-statistics

Contact Information

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