Washington D.C. has a pool of highly skilled labors and has a very competitive employment environment. Moreover, since it is the capital city the cost of living is also very high. However, even during this recession period Washington has recorded merely 20% unemployment rate as the government sector was trying temporarily support the non-government worker.
Many people consider seeking employment in Washington D.C. as this where the jobs are. By many Washington D.C. is referred as the ''Job Bank''. However since the recession job market in Washington has been a bit unstable especially for the non-government employees. Industries like restaurants retail, restaurant and hospitality and commercial construction have experienced several job cuts. On the contrary, Government employees have not faced any ill effects from the recessions and as of today only government jobs are the most secure jobs available in Washington D.C.
Since 2009 there has been a gradual increase in the employment rate in Washington. Accordingly to the latest report, 10% of the interviewed companies are considering hiring new employees and 14% of the companies are considering increase in payroll. This statistics is not all that good as compared to the previous years but it certainly reflects Washington D.C's determination to step out of what is termed as the most difficult days in economy of Washington D.C. The government has put forward a massive budget for 2010 which will definitely yield positive results for Washington D.C. especially the metro area.
Market studies show that since the first quarter of 2010, 73% companies are expected to maintain their current staff level. Job opportunities are best seen in the nondurable goods manufacturing industries, construction, transportation and utilities, wholesale, retail trade, professional and business services etc. The categories that have decreased demand in Washington D.C. since the tragically economy meltdown are architecture, engineering, healthcare, management, legal and maintenance. Computer and Mathematical professionals are in very high demand since 2009.
Companies have become very particular about recruitment. Majority of companies in Washington D.C. State that they will continue recruiting employees, however companies are mainly focusing on the ability of the employees that they are seeking to recruit and the expected salary package. Candidates seeking jobs should highlight these two areas very well in order to get hired.
Recent market study states that, 2010 will be a positive year for Washington D.C. in terms of employment as the government sustains employment from federal government and the private companies that support it. Many companies prefer posting a vacancy over the internet today.
Knowing that company are considering recruiting employees the best way to apply for any job in Washington D.C. would be by posting resumes on various job sites such as Monster.com. A study revealed that seekers generated over 2.2 million job views each month trying to recruit eligible candidates. Many recruiters have even begun recruiting/sourcing out candidates through social networks such as Facebook etc.
Since Washington D.C. became the center national capital functions, Washington D.C. is very confident that in the near future it will assure all its residents an economic boost and job growth. Between 2010 and 2015, Washington is anticipated to reach 58% increase in economic development with job requirement growing approximately 29%. The construction, technology, hospitality, international business, as well as the federal government will control the market with the manufacturing industry which is expected to plummet to 2.8% by 2015.
