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Article: The Local Economy's Driving Force
- Article from:
- The Washington Post
- Article date:
- June 1, 1992
- Author:
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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New Census Bureau figures on job growth in metropolitan
Washington confirm what local economists and labor market experts
have been telling us all along. More than that, however, they also
underscore the importance of the federal government to the local
economy.
As reported earlier, 1990 census statistics show that the
area's private sector now employs more people than the federal
government, the main source of jobs here prior to the 1980s. This
dramatic change, as most area residents know by now, can be traced
to the explosive growth in private-sector employment following the
last recession.
More than 600,000 jobs were added to the local economy during
the 1980s, though the federal ...