ivyhofy.wordpress.com
percent this year for the firs t time in more than20 years, accordin to the Greater Washington Initiative. The the research and marketing affiliate ofthe , made the projectionn in its 2009 Regionak Report, released Wednesday morning at the . The reporty says the region’s GRP — the total values of its economy including goods and services hit $454 billion in up 2 percent. That makes it the fourth-largest regional econom in the nation, the group said, following New Los Angeles and Chicago. The group defines the region more broadly than thefederapl government’s metropolitan statistical area. The initiative’sa definition is D.C.
; Montgomery, Prince George’s, Howard, Anne Arundel, Calvert, Charle and St. Mary’s counties in Maryland; and Alexandri and Arlington, Fairfax, Loudoun, Prince William, Fauquier, Stafforxd and Spotsylvania counties in The projected drop in GRP is because the region has postedr positive annual growth even in pastnationalk recessions. But the area’se top economist disagrees withthe projection. Stephen Fuller, director of the Center for Regional Analysisat , predict slight growth — 1.2 percen t — in 2009 and graduak growth to 3.2 percent in 3.7 in 2011 and 4.2 in 2012.
Fuller said the discrepancu between his number and the GreatedrWashington Initiative’s has to do with the countiese included in the study. Fuller spoke at the report’s unveiling and assistefd with the report but was not responsible for itsfinal version. Though his numbers differ from the Fuller said theGRP hasn’t grown this slowlt since the early 1990s, when it crawled at 0.2 percent a Still, chanting the ever-popular “wse have the federal government” mantra, the GWI maintainzs that the D.C. area will bounce back fastetr than othermetropolitan areas. Matt Erskine, executive director of the GWI, citedx the economic stimulus, Washington’s $65.
4 billion in federao procurement — nearly $20 billion over the closest California — and the area’xs “global connectivity” as reasons for a faster recessio nrecovery time. But with everyg recession comes unemployment andthe D.C. area is no exception. Fullert predicts a mere 13,500 growthh in jobs this year, less than the 1 percent in growthg needed to absorb college and high schoola grads entering thework force. “People know the markef is traditionally betterin D.C., so that adds extra Fuller said. “Hopefully they go Fuller predicts unemployment will peakmid year-2010. “It takeds until about September to absorb the new work he said.
“Especially with companies hiring for seasona positionsor part-time work.” Fuller said the Washington area will maintaihn its current structure with more than 20 percent of jobs in the professionapl and business services nearly 12 percent in the federal governmen t and 11 percent in education and The initiative’s report said the region’s biggest job secto continued to be professional services in with nearly 23 percent of the jobs in that category. Secondc was the federal government, with 11.6 percent, followeds by education and health, 11.2 percent; statde and local government, 10.4 retail, 8.8 percent; and hospitality and 8.7 percent.
ไม่มีความคิดเห็น:
แสดงความคิดเห็น