Arlington • Virginia • USA Economic Indicators

March 2002

 

AT PLACE EMPLOYMENT
At Place
Employment *		 Reporting
Period		 Current Last Period Last Year Annual
Change

Employees
Establishments
Gross Wages (thousands)

 2nd Q 2001
2nd Q 2001
2nd Q 2001		 162,163
6,516
$2,171,844		 160,296
6,517
$2,231,562 		157,234
6,315
$1,989,164

3.1%up
3.2%up
9.2%up
Source: Virginia Employment Commission *Data excludes enlisted military personnel

 

LABOR FORCE
Labor Force* Reporting
Period		 Current Last Period Last Year Annual Change

Civilian Labor Force
Arlington County
Northern Virginia
Unemployment Rate
Arlington County
Northern Virginia

 ~
Dec 2001
Dec  2001
 ~
Dec  2001
Dec  2001

~
117,297
1,285,871
~
2.5%
2.7%

~
118,117
1,292,310
~
2.8%
2.9%

 ~
114,241
1,249,277
~
1.0%
1.0%		 ~
2.7% up
2.9% up
~
1.5pp up
1.7pp up
Source: Virginia Employment Commission *readjusted monthly pp = percentage points

 

NET OFFICE ABSORPTION AND VACANCY RATES
Net Office
Absorption		 Reporting
Period		 Current Year-to-Date Last
Year-to-Date		 Annual
Change

Arlington
Northern Virginia

 4rd Q 2001
4rd Q 2001		 -571,027
507,172

-265,643
3,858,421

1,075,046
10,173,669

1,340,689down
6,315,248down
Direct Office
Vacancy Rate		 Reporting
Period		 Current Last Period Last Year Annual
Change

Arlington
 Rosslyn
Clarendon/Courthouse
Ballston
Virginia Square
Crystal City
Northern Virginia

 4rd Q 2001
4rd Q 2001
4rd Q 2001
4rd Q 2001
4rd Q 2001
4rd Q 2001
4rd Q 2001

9.1%
9.7%
3.1%
6.1%
11.0%
13.4%
8.8%

6.7%
2.8%
3.6%
3.0%
12.2%
12.7%
8.0%

5.9%
3.0%
1.8%
4.3%
1.4%
11.9%
5.9%

3.2 pp up
6.7 pp down
1.3 pp up
1.8 pp down
9.6 pp up
1.5 pp up
2.9 pp up
Source: CoStar Group, Inc. pp=percentage points

 

HOUSING SALES
Housing Sales* Reporting
Period		 Current Year-to-Date Last
Year-to-Date		 Change

Single Family Detached
Single Family Attached
Condominium

 Dec 2001
Dec 2001
Dec 2001		 84
36
111		 1,356
370
1,550

1,342
360
1,3434

1.0% up
2.8% down
8.1% up
Source: Arlington Real Estate Assessments *Readusted Monthly

 

HOUSING PRICES
Average Housing Prices* Reporting
Period		 Current Last Period Last Year Annual
Change

Single Family Detached
Single Family Attached
Condominium

 Dec 2001
Dec 2001
Dec 2001

$384,600$347,096$177,705

$381,473$346,983$180,477 $361,091$359,942$158,655 6.5% up
3.6% up
12.0% up
Source: Real Estate Assessments *Readjusted monthly

TOURISM
Tourism Reporting
Period		 Current Year-to-Date Last
Year-to-Date		 Annual
Change

Lodging Sales Receipts
Hotel Occupancy
Average Daily Room Rate

 Dec 2001
Dec 2001
Dec 2001

$16,576,350
46.0%
$106.97

$276,250,851
69.3%
$119.64

$298,774,540
73.7%
$119.24

7.5%down
4.4pp down
> $0.40 up
Source: Arlington County Commissioner of Revenue and Smith Travel Research pp=percentage points

 

CONSUMER PRICE INDEX
Consumer Price Index
(CPI-U All Items)		 Reporting
Period		 Current Last Period Last Year Annual
Change

Washington - Baltimore
DC/MD/VA/WV

 Nov 2001 110.9 111.7 108.5 2.2% up
Source: US Bureau of Labor Statistics

 

TAXABLE RETAIL SALES
Taxable Retail Sales Reporting
Period		 Current Last Period Last Year Annual
Change

Arlington

 4nd Q 2001 $612,414,609 $528,905,321 $629,336,332 2.7% up
Source: Virginia Department of Taxation

 

AIR TRANSPORTATION

Ronald Reagan Washington
National Airport		 Reporting
Period		 Current Last Period Last Year Change

Total Aircraft Operations
Total Passengers

 Dec 2001
Dec 2001

10,546 
692,548

9,706
649,159

 23,537
1,249,973 		55.2%up
44.6%up
Source: Metropolitan Washington Airports Authority

 

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