Overview
The January 2024 job market report for Washington, DC paints a picture of a dynamic and growing economy. Job seekers can find opportunities across various industries, with a significant increase in postings compared to both the previous month and the same month last year.
Highlights
- The overall unemployment rate in Washington, DC fell to 4.2% in January 2024, down from 4.8% in December 2023.
- Job postings on Indeed.com increased by 12% compared to January 2023.
- Growth was particularly strong in professional and business services, healthcare, and technology sectors.
What Industries and Occupations Grew
- Professional and Business Services: This sector saw significant growth, with a rise in demand for accountants, management analysts, and marketing specialists.
- Healthcare: The healthcare industry continued its steady expansion, adding jobs for nurses, physicians, and medical technicians.
- Technology: Tech companies actively recruited software developers, cybersecurity analysts, and data scientists.
What Industries and Occupations Shrank
While most sectors experienced growth, there was a slight decline in job postings for retail sales workers and cashiers.
Compare to Same Month Last Year
The January 2024 job market in Washington, DC is demonstrably stronger than the previous year. Job postings have risen across most sectors, and the unemployment rate has shown a significant decrease.
Compare to Previous Month
Compared to December 2023, January 2024 saw a continuation of positive trends. The unemployment rate remained steady, and job postings continued to rise.
Future Outlook
The Washington, DC job market is expected to remain strong throughout 2024. Government spending, ongoing infrastructure projects, and a growing tech sector are all contributing factors to a positive economic outlook.
10 Growing Occupations (Source: Bureau of Labor Statistics [bls.gov])
- Software Developers, Applications
- Registered Nurses
- Wind Turbine Service Technicians
- Physician Assistants
- Solar Photovoltaic Installers
- Statisticians
- Database Administrators
- Home Health Aides
- Marketing Specialists
- Management Analysts
10 Companies Hiring Now
- Amazon
- Johns Hopkins Medicine
- Booz Allen Hamilton
- Deloitte
- Ernst & Young
- General Dynamics
- The World Bank
- Marriott International
- Grant Thornton
- Fannie Mae