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  • Northern Virginia -Fairfax, Loudoun, Alexandria, Arlington & Prince William Blog, real estate Market condition written by Ritu Desai at Samson Properties
120,000 New Jobs Coming to DC Metro

With the housing industry already on rebound if everything goes as projected Federal government will hire up to 120,0000 people for jobs in DC, Maryland & Virginia area over the next few years.

Such a hiring boom would have widespread benefits, economists who study the region's employment and housing patterns said. It could reduce the region's unemployment rate, now at 6.2 percent, if jobless people here are hired, and it could revive stagnant home sales if people outside the area are hired. Moreover, as agencies expand to accommodate more workers, they could opt to lease space, boosting the moribund commercial office market.

Partnership for Public Service, a nonprofit that helps find candidates for federal jobs, released a report last week that listed projected hires for hundreds of agencies between now and 2012. In total, the government is expected to hire 600,000 people, including 19,071 nurses at the Department of Veterans Affairs, 9,800 Border Patrol agents, 3,774 criminal investigators for the Labor Department, 6,282 contract representatives at the Treasury Department, and 3,500 claims assistants and examiners at the Social Security Administration.

For complete news article please click here

Posted: Thursday, September 10, 2009 11:39 AM by Ritu Desai

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