The DC area’s business leaders are deeply worried about the region’s prospects after President Donald Trump’s federal government cuts. As expected , the economic wounds from losing 300,000 federal jobs are very real, and they extend across the entire DC, Maryland, Virginia region.
A report published this week by Brookings and the Metropolitan Washington Coalition of Governments looks at the DMV holistically, and finds that since January, the region’s unemployment rate has risen by more than eight times as much as the national rate— and ballooned particularly in the suburbs. Federal jobs have vanished more precipitously in the DC area than they have in other parts of the country, and job growth in the private sector is stagnating. At the same time, more households in the DMV region a