Five private sectors that fueled D.C.’s recessionary job growth

There were jobs to be had in D.C. during the recession, thousands of them — if you were in the right fields.

Five sectors of private employment accounted for nearly all the job growth between the fourth quarter of 2007 and the fourth quarter of 2012, according to the Office of the Chief Financial Officer’s April review of D.C. economic and revenue trends.

Where were the jobs? In professional and technical services (except legal), health, food services, education and nonprofits. Those five sectors gained 39,533 jobs and grew at a 15.1 percent pace over the five-year period, far faster than the rest of the U.S.

All other private employment fields combined lost 11,667 jobs in D.C. between 2007 and 2012.

It makes sense, given the District’s recent surge in population, that health, education and food services would remain strong job gainers. As for professional and technical services, well, this is a company town, and companies need their accountants, information technology consultants, advertisers, researchers and designers.

The five strongest sectors now account for 41 percent of all D.C. employment, up from 37.4 percent in the fourth quarter of 2007. “All other private” account for 26.4 percent of D.C. jobs, down from 29.5 percent five years ago.

The federal government is responsible for 28.1 percent of all jobs, up 0.8 percent.

So a toast to the systems analyst, nurse, sous chef and nonprofit think tank scholar. You helped keep the District’s economy afloat during the worst of times.  Washington Business Journal, May 1, 2013

This entry was posted in Data & Publications, In the News.

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