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Report: DC is the nation’s work from home capital

Before the pandemic, about 5.9% of people in the D.C. area worked from home. Now, it leads the nation.

According to the Rockefeller Institute of Government that analyzed census data, as of early August, 51% of people in the D.C. area are still working from home at least part of the week. It surpasses New York, Boston, Los Angeles and Chicago.



The data also shows nationwide that most people working from home earn more than $100,000 are white and between the ages of 25 to 39. The majority are also self-employed or work in the nonprofit sector.

While 10 out of the 15 metro areas studied had high rates of telework (greater than 40%) in August 2020, nearly two years later, only Boston, Dallas, San Francisco, Seattle, and D.C. still report telework rates above 40%.

Some conclusions from the data is remote work appears neither to be a catchall solution for states struggling to lure workers nor a fad for city centers to ignore.

The report states, “Policymakers should keep in mind the different demographic factors that contribute to higher rates of the desire to telework.”

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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