Wednesday, July 21, 2010

DC area says, What Recession?

While the rest of the US is struggling in this current recession, my hometown, the greater DC-Metro area, doesn't seem to be feeling its effects.

Ever since Obama expanded the government and hence government jobs, everyone in politics, policy, and government jobs have had strong job security - aka everyone in Northern Virginia, DC, and Maryland.

Just look at the stats:
Out of the 15 largest metropolitan areas, DC was the one to lose the fewest number of jobs.
Unemployment in the Washington area was only 6% in May, while the national average was 9.5% - not to mention areas in the Midwest that are experiencing the worst unemployment spikes at 14.7%

Northern Virginia has been called one of the wealthiest, most educated ares in the country, and this current economic disconnect is only increasing DC's gap from the rest of the country.

As a resident of Northern Virignia, I have definitely experienced this. Just go to Fair Oaks Mall or Tysons Corner and you will always find a jammed parking lot and think to yourself, "What recession?"

To read more, go to this article.

And that's my two cents.

1 comment:

  1. And you also find that it is the most common place that newly graduated adults leave to find work in this awful job market.

    ReplyDelete