NO NOVA VA ECON ONOMIC OMIC OV OVERVIEW RVIEW: LM LMI UP UPDA DATE TE OCTOBER 5, 2017 www.nvcc.edu
QU QUARTERLY RTERLY UP UPDA DATE Curren ent t unemploy loyme ment t rate (August st 201 017) 7) • Arlington: 2.5% (-0.3%) • Alexandria: 2.9% (-0.1%) • NOVA region: 3.1% (-0.3%) Job postin ings, s, Q3 2017 17 – 20,091 ,091 • Arlington: 12,871 • Alexandria: 7,171 • NOVA region: 84,015 www.nvcc.edu
TOP OP EMPLOYERS OYERS HI HIRING NG IN ARL/A L/ALEX LEX Anthem hem Blue e Cros oss s – 651 651 Accenture ture – 576 576 Booz z Alle len n Hami milton lton – 543 543 Deloit oitte te – 375 375 Genera eral l Dynami amics cs – 273 273 Inova a – 269 269 CSRA A – 199 199 Grant nt Thornton rnton – 183 183 Mantech ech Inter ernation ational al – 166 166 Sunrise rise Senior nior Livin ing g – 140 140 www.nvcc.edu
TOP OP OC OCCUP CUPATION ATIONS Softw tware are Develop lopers ers – 1,330 Management gement analysts ysts – 760 760 Genera eral l managers agers – 660 660 Inform rmat ation ion security rity analys ysts ts – 606 606 Comp mput uter er syst stems ems engine ineer ers/ s/archit architects ects – 587 587 Regis ister tered ed nurses ses – 543 543 Netwo work rk and comput uter er syst stems ems adminis inistr trators ators – 375 375 Comp mput uter er user r suppor ort t specia ialists lists – 363 363 Comp mput uter er syst stems ems analys lysts ts – 358 358 Adminis inistr trat ative e assistants istants – 336 336 www.nvcc.edu
RETAIL AIL INDU DUSTRY STRY Motor tor vehi hicle cle and d parts dealers lers Furnit iture re / home me furnish shing g stores res Electr tronics cs and d appliance ce store res Buildin ding materi erial al and garden den equipmen pment t dealers lers Foo ood d and d beve verage age stores ores Health th and personal l care e st stores ores Gas stati tion ons Cloth thing g stores ores Sport rting ing goods, ods, hobb bbies ies, and book ok st store res Genera eral l merchan rchandise se store res Miscellan ellaneous ous store re retai ailers lers Non onsto tore re retail ilers ers www.nvcc.edu
RETAIL AIL INDU DUSTRY STRY Curren ent t employm oyment • Arlington/Alexandria – 17,568 employees • NOVA region – 124,862 employees • D.C. metro – 289,138 employees Growt wth, h, past 5 years • Arlington/Alexandria – (391 jobs) • D.C. metro – 14,177 jobs • United States – 1.07 million jobs www.nvcc.edu
IS RE S RETAI AIL L A DY DYING G INDU DUSTRY STRY? Growt wth h is is pr proje jected cted at 0.5% 5% over the next 10 years; ; slig ightly tly lower r than average ge In N NOVA, A, growth th is is pr projec jecte ted d at 0.6% 6%, , about t half the average growth th for the regio ion Most common mmon occ ccupa upati tion ons s in in t the in indu dustry: y: • Retail salespersons • Cashiers • Stock clerks / order fillers • Retail Supervisors www.nvcc.edu
RETAIL INDUSTRY SUBSET: “STORES” Curren ent t employm oyment • Arlington/Alexandria – 7,734 employees • D.C. metro – 128,382 employees • United States – 7.2 million employees Growt wth, h, past 5 years • Arlington/Alexandria (-3.0%) • D.C. metro (-0.5%) • United States (0.4%) www.nvcc.edu
RETAIL “STORES” JOB POSTINGS 5,55 556 6 postin ings in in D.C. metro ro over the last 90 da days • 388 of these postings in Arlington/Alexandria Most common mmon occ ccupa upati tion ons s adv dvertis ised d for • Retail salespersons • Retail supervisors • Sales representatives • Merchandise displayers • Stock clerks www.nvcc.edu
RET ETAIL AIL EM EMPLOYERS OYERS HI HIRING ING IN IN D. D.C. . METRO, RO, PAST ST 90 DA DAYS Best t Buy Macy’s Sears rs Target et Toys s R Us Petco co Dick’s Sporting Goods The Gap H&M H&M Stap aples les www.nvcc.edu
IS RE S RETAI AIL L DY DYING? G? Answer: : Unknown. . Keep c close oser r eye on em employm oymen ent t trends ds in in t this is in indu dustry ry over the next few years; ; less focus on “job advertisements” as they may not accura urately tely reflect ect de demand as d as w we know many of the brands ds adv dvertisi ising g jo jobs s local ally ly are scalin ing g back k operation ions. s. www.nvcc.edu
HE HEALTHC THCARE ARE CAREER ER LADD DDER www.nvc vcc.ed c.edu/w u/workforce/ orkforce/res esearch.htm rch.html www.nvcc.edu
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