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DC employment 98% of pre-pandemic; where the jobs are

The D.C. metro’s unemployment rate, which peaked at 10% in April 2020, now stands at 3.6%, the fourth-lowest among “gateway cities,” according to commercial real estate services firm JLL — and there are jobs to be had.

D.C.’s unemployment rate is behind only Boston, Seattle, and San Francisco, according to JLL.

JLL’s Pulse of the Market for May also reports the number of jobs filled in the region is 97.9% of pre-pandemic levels, and the number of job postings for open positions in the metro reached 315,000 in May, a 16.5% increase over April.



JLL says the region’s non-cyclical economy, anchored by the federal government and government contracting, is the driving factor behind low unemployment and high job openings.

Computer and math-related jobs are the most in-demand across the D.C. metro, accounting for more than 73,000 job postings in May. Job postings in those industries continue to see growth. Jobs within that sector in demand include system and software engineers, data scientists and business analysts.

Other top job posting categories are management, business and finance, and health care.

Below are job openings in the D.C. metro by profession and industry.

Courtesy JLL

Oil prices slip and Asian shares are mostly lower as investors sell chipmaker stocks

HONG KONG (AP) — Oil prices fell Wednesday and Asian shares were mostly trading lower as South Korea’s Kospi extended its losses after falling more than 16% over the past two days. Crude prices remain volatile after the U.S. said early Thursday it had conducted a “heavy wave” of strikes against Iran, responding to an attack on a U.S. base. U.S. futures edged higher after losses on Wall Street. In South Korea, recent drops in its benchmark Kospi, a big beneficiary of the global boom in artificial intelligence, have been seen by some analysts as a reflection of broader doubts about massive investments by technology giants in expanding capacity for AI.
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