Washington D.C. Economy
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Table of Contents
Washington unemployment scenario
Like a number of other states in USA Washington economy is in a state of doldrums. It is expected that unemployment scenario in this city would not improve anytime soon. Obama has said that small business enterprises are crucial to economic recovery in USA and one feels this is applicable for Washington economy as well.
Germany and Washington economic system talks
As per latest news regarding economy of Washington prominent figures from Economy Ministry of Germany are supposed to come to this city. This decision is a good one for Washington’s economy in these tumultuous economic times and comes after a plan regarding setting up of Opel unit of General Motors in Europe was reviewed by these authorities.
Washington rail statistics
In another encouraging news on Washington economy it has been learnt that rail companies have been doing pretty well in last few months in that city. Companies that have been doing well off late include Metrorail, MARC commuter railway system and Virginia Railway Express.
Impact of Washington economy on students
As per estimates of economists students are going to find it pretty tough in coming months as a direct result of worst financial crisis in a long time. This is especially applicable for students of colleges. It is expected that during summer break students would need to contemplate various issues related to their education – financial issues being primary among these. This is crucial as students have to possess proper educational qualifications in order to secure jobs but in present financial conditions they are not sure if they would be able to complete their education.
Washington housing sector
Washington housing sector, an important part of economy of that city, has not been doing well of late. This is evident from decrease in building permits at a rate of 3.3 percent. Of late only 494,000 building permits have been provided in Washington and this is an all time low. This drop is crucial as building permits are indications of fact that new buildings would be set up and some people would find jobs. If this sector dries up it would have an adverse impact on Washington economy as well.
