Washington DC Area is Top City for Job Growth

According to the Bureau of Labor Statistics (BLS), the Washington DC area is the top city for job growth through the end of the decade (2020).  Throughout the country, employment levels are expected to rise 14.3%, which translates to 20.5 million new jobs.  The Washington DC area ranked #1 out of the 100 large metro areas surveyed by the BLS.

The Bureau of Labor Statistics focused on five key factors to determine job growth possibilities: labor force as it relates to the macroeconomy, industry employment, occupational employment, education/training and replacement needs.  With population growth expected to slow down and more people hitting retirement age, the civilian labor force is expected to slow down as well.  Even with the slow down in labor force, a 0.7% increase is still expected by 2020, which means 10.5 million jobs.  The health care and social assistance industries are expected to experience the highest rate of growth, followed by the professional and business sectors.  That's what makes Washington DC get high marks.

The complete list for the top 10 metro areas with the highest potential for job growth until 2020, according to the Bureau of Labor Statistics, are:

1. Washington DC/Arlington/Alexandria, VA/MD/WV
2. Bethesda/Rockville/Frederick, MD
3. Colorado Springs, CO
4. New York/White Plains/Wayne, NY/NJ
5. El Paso, TX
6. Springfield, MA
7. Baton Rouge, LA
8. Tacoma, WA
9. Baltimore/Towson, MD
10. San Antonio/New Braunfels, TX

To read the complete Bureau of Labor Statistics' report, please visit their website.  If you're interested in setting down roots in an area you know will have the best potential for solid employment, contact me today.  The Washington DC area is the top city for potential job growth for the next eight years.  Get a great deal on a Northern Virginia property now.

Originally posted on my Northern Virginia Homes real estate blog here: http://northernvirginiahomes.net/2012/03/02/washington-dc-area-is-top-city-for-job-growth/.