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Jordan Weissmann: Washington DC experienced 5.4 percent job decline compared to prior downturn

Jordan Weissmann: Washington DC experienced 5.4 percent job decline compared to prior downturn
DC job decline compared to past

Jordan Weissmann, industry influencer, draws attention to Washington DC's significant job decline. According to Weissmann, DC's payrolls decreased by 5.4 percent, providing important perspective by comparing it to the 6.2 percent shrinkage between the end of 2007 and the end of 2009.

Weissmann also points out that some of the lost jobs were held by residents of Maryland or Virginia, but emphasizes the scale of the impact on DC.

Weissmann has previously examined the effects of federal policy changes on economic performance. In an earlier piece, he reported that Obama-era tax increases modestly slowed short-term growth. Experts in that article viewed the tax hikes as sound policy overall.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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