The District’s unemployment rate held steady at 8.6% from January to February and posted net growth of 3,300 jobs; 4,700 private sector jobs were added, while public sector payrolls were cut by 1,400. With sequestration currently taking effect, additional government job losses will hinder any significant growth over this year, yet signs point to a stabilizing private sector andincreased economic clarity.
Source : Cushman & Wakefield