Latest McLean, VA Job Market Report | Accounting Principals  

Jobs Added

Metro +26,800

Month Over Month: +0.8%
3 Month Average: 1,467
Year Over Year: +1.6%

State +8,000

Month Over Month: +0.2%
3 Month Average: -3,667
Year Over Year: +0.7%

National +266,000

Month Over Month: +0.2%
3 Month Average: 205,000
Year Over Year: +1.5%

Unemployment Rate

Metro 2.8%

Month Over Month: -0.1%
3 Month Average: 2.97%
Year Over Year: -0.3%

State 2.6%

Month Over Month: -0.1%
3 Month Average: 2.7%
Year Over Year: -0.2%

National 3.5%

Month Over Month: -0.1%
3 Month Average: 3.53%
Year Over Year: -0.2%

BLS Summary 12.6.19

This last month the unemployment saw only a little change, a decrease of

0.1 percent, which now sits at 3.5%. December’s release also noted that

there were 266,000 jobs added, much more than 180,000 expected and

more than the 156,000 added in October.

Brian Coulton, the chief economist at Fitch, said in a

Yahoo Finance article,“Along with the upward revisions to earlier months, these numbers are telling us that job growth in the U.S. has stabilized.” The economist also

stated, “This highlights that conditions remain firmly in place for the

consumer and the service sector to cushion the economy from external risks

and related weakness in U.S. manufacturing.”

Average hourly earnings rose by 7 cents from October and have seen a 3.1

percent increase over the past 12 months.

The labor force participation rate saw little change at 63.2 percent in

November. Overall, the report showed an indication of labor stability as the

domestic labor market continued to fire on all cylinders.

https://www.bls.gov/news.release/empsit.nr0.htm

https://finance.yahoo.com/news/jobs-report-november-2019-labor-department-225145709.htm

Sector Job Growth from the B.L.S.

Financial Activities +1,300

Month Over Month: +0.8%
3 Month Average: 158
Year Over Year: +0.3%

Professional & Business Services +11,700

Month Over Month: +1.5%
3 Month Average: 781
Year Over Year: +2.8%

Industry Job Growth from the B.L.S.

Finance & Insurance +900

Month Over Month: +1.1%
3 Month Average: 80
Year Over Year: +0.6%

Real Estate & Rental & Leasing +300

Month Over Month: +0.7%
3 Month Average: 42
Year Over Year: +2.2%

Accounting & bookkeeping services +500

Month Over Month: 0.0%
3 Month Average: 1,061
Year Over Year: +3.3%

Employment Services +900

Month Over Month: +2.4%
3 Month Average: 37
Year Over Year: +5.3%

Metropolitan Month-Over Month Job Growth by Sector

*The following chart displays the latest local job growth by sector compared to the previous month. Note that if a sector experienced losses or flat growth, it will not be displayed as part of the graphic.

November 2019 Jobs Report

Jobs Added

Unemployment Rate

Sector Job Growth from the B.L.S.

Industry Job Growth from the B.L.S.

Metropolitan Month-Over Month Job Growth by Sector

Local Job Reports