DC unemployment rate falls in April
More people are accepting job opportunities in the DC metro, as evidenced by the district's most recent unemployment statistics. According to Mayor Vincent Gray, DC's month-over-month jobless rate fell 0.3 percent in April 2012. The unemployment rate has fallen 1.7 points over the past eight months, and as more people buy real estate for sale in Washington, DC, this figure could lead to an increase in home values across the district.
"I'm gratified to see that unemployment in the District continues to decline, but we still have more work to do," Gray said, according to a press release.
Gray noted that DC's One City - One Hire program, an effort created in 2011 to stimulate job growth and development in DC, has helped put over 3,000 previously unemployed district residents to work. While this initiative is just one plan district officials created, and others are being developed that may help the unemployment rate drop further.
For instance, the Mid-Atlantic Region Collaborative (MARC) Green Works provides local employers and job seekers with resources to help create an environmentally sustainable workforce. The resource allows people to find or fill openings in DC, Maryland and Virginia, and could help put more people to work in green jobs in the future.