WASHINGTON, DC-Auction.com Researchdelivered some good news for the US last week:crunching Bureau of Labor Statistics July metro area data, itpainted a positive jobs picture for the country, minus a few markets. Unfortunately one of thesemarkets is the DC area.

It reported that the DC area continues to underperform, "asfederal fiscal pressures are impairing the local economies."Washington DC shed 300 jobs in July, and is now one of very fewmetro areas showing longer-term declines as well, Auction.comnoted.

Other discouraging observations from the report: DC employmenthas fallen 0.3% over the past three months and 0.4% over the pastsix as the sequester continues to take its toll. Suburban Marylandwas one of just ten major metros that contracted payrolls in July,losing 600 jobs on a seasonally adjusted basis, leaving employmentup just 0.3% over the past three months. Meanwhile, NorthernVirginia has yet to see any spillover from the sequester, as thearea has seen jobs grow in five of the past six months, adding 400jobs most recently in July.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.