Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Need a job? Head to Washington, D.C.

washington_dc.ju.top.jpgJob postings in the Washington, D.C., area are up 6% from last year. By Jessica Dickler, CNNMoney.com staff writer


NEW YORK (CNNMoney.com) -- Looking for a job? You might want to head to the nation's capital city.

Employment in the District of Columbia is up 3% this year, outpacing every other state in the nation. Last month alone, D.C. posted a gain of 17,800 jobs, up 2.5% from July -- the country's biggest gain.

"The stability that D.C. has shown throughout this recession is building confidence with businesses around here," said Lawrence Mishel, president of the Economic Policy Institute, a D.C.-based think tank that currently has one job opening.

Job postings in the D.C. area are up 6% from a year ago, according to the Monster Employment Index, which tracks data from job boards, government sites and individual corporations.

And the ratio of unemployed people per job posting is one-to-one -- better pavement-pounding odds than any other city.

Software engineers and project managers are the most in demand, thanks to several large Virginia-based companies, including General Dynamics (more than 100 open positions), ManTech International (36 jobs available) and SAIC (more than 200 jobs).

Plus, many of these full-time positions in D.C. pay more than $40,000 a year, according to a search on Indeed.com.

Economists, however, agree that D.C. -- and the nation -- are not out of the woods.

Nationwide, unemployment is still at 9.6%, and more than 20 million people are searching for work. Last month, the economy lost a total of 54,000 jobs, most of which came from the public sector.

And things are slightly worse in D.C. The town's unemployment rate is at 9.8%, and the federal government -- the area's largest employer -- has been shedding jobs for three consecutive months.

"It's good to see improvement but we always need to be wary," cautioned Heather Boushey, senior economist at the Center for American Progress, a D.C.-based organization with more than two dozen job openings. "I wouldn't say that the great recession has ended for those in the District." To top of page

Index Last Change % Change
Dow 21,081.46 -1.49 -0.01%
Nasdaq 6,207.16 1.90 0.03%
S&P 500 2,415.16 0.09 0.00%
Treasuries 2.25 -0.01 -0.22%
Data as of 3:17pm ET
Company Price Change % Change
Bank of America Corp... 23.34 0.09 0.41%
Advanced Micro Devic... 11.00 0.03 0.23%
Chesapeake Energy Co... 5.26 0.08 1.64%
General Electric Co 27.44 -0.05 -0.20%
Ford Motor Co 10.91 0.05 0.46%
Data as of 3:02pm ET
Sponsors

Sections

Who doesn't want to eat some burgers and drink some beer during the summer? So is it any surprise that McDonald's and other food and beverage stocks are now trading at record highs just before the long Memorial Day weekend? More

Government and non-profit doctors and lawyers earn less than their colleagues in the private sector, but they can have just as much student debt. More