DC Still Navigating Choppy Waters

WASHINGTON, DC—The local economy is doing okay, but just barely, JLL's Scott Homa tells GlobeSt.com's Erika Morphy.

By Erika Morphy | Updated on June 08, 2014

WASHINGTON, DC—The US economy continues to gain strength, as evidenced by last week’s employment figures. But that growth story—staid though it is—is not translating into gains for the local economy, according to JLL Research Director Scott Homa.

“The environment in Metro DC remains choppy,” he tells GlobeSt.com. “Employment growth has been minimal over the past 12 months, with just 6,300 jobs added year-over-year, and even more troubling, the office sector employment has contracted, with the professional and business services segment losing 8,600 jobs year-over-year.”

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