Skip to main content

New unemployment claims in DC, Maryland and Virginia total 58,000

New unemployment claims nationwide continued to trend lower last week, with 1.427 million initial claims, down 55,000 from the previous week.

Total new claims for unemployment benefits in D.C., Maryland and Virginia stalled at 58,017, down from 60,915 the previous week, with new claims falling in both the District and Maryland, and rising in Virginia.

In a separate report, the Labor Department said the national June unemployment rate fell to 11.1%, down from 12.4% in May.

It also reports the number of jobs, either new or brought back in June, totaled 4.8 million.

The unemployment rate for the D.C. metro area in May, the most recent data available from the Bureau of Labor Statistics, fell to 9.0%, from 9.5% in April.

The Labor Department does not break out initial unemployment claims numbers by metropolitan area.

First-time claims for D.C., Maryland and Virginia during the most recent two weeks, on an unadjusted basis:

District of Columbia:

Week ending June 27: 3,026

Week ending June 20: 3,073

Maryland:

Week ending June 27: 21,929

Week ending June 20: 32,549

Virginia:

Week ending June 27: 33,062

Week ending June 20: 25,293

Should you buy a house with cash?

High mortgage interest rates may have you exploring alternative ways of buying your home that don't require a loan. And while the competition for a new home may not be what it was in 2021, for the right home you may still need to work to get a leg up on the competition. If you have the means, an all-cash offer is a great way to fast-track a deal and avoid the additional costs that come with a mortgage. A seller is more likely to accept your offer, and the success of the deal isn't reliant on a lender's OK following an appraisal. You'll also own the home outright after the transaction with no mortgage to pay each month.
Read Next Story