At least there's one place in America that's wearing like Teflon through the recession: Washington, D.C. Most corners of the economy may be struggling, but in the nation's capital it's boom times, baby.
According to new data, the area's unemployment rate dropped to 5.6% in April from 5.9% in March. This is the second consecutive month of improvement for Washingtonians, and it's leagues from the national unemployment rate, which hit 9.4% in May.
With unemployment for all government workers about half the private sector's rate, the Beltway has been spared the tightening elsewhere. ...
As [Senator Mark] Warner put it to the Washington Business Journal, "It helps to be where the money is."
Saturday, June 13, 2009
Recession not hurting D.C. metro area
The D.C. metro area economy thrives in the age of big government: