Mar 5, 2024 - News

D.C. job openings dropped at the end of last year, while layoffs rose

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Illustration: Allie Carl/Axios

D.C. layoffs were up at the end of last year compared to a year ago, while the number of job openings, new hires, and people quitting jobs were all down, according to a recent report from the U.S. Bureau of Labor Statistics.

The big picture: This comes as the job market cools from the fast pace we saw during the Great Resignation, where people were readily leaving one job for the next as companies competed for recruits with higher paychecks and better benefits.

By the numbers: There was a 9% decrease in the number of D.C. job openings when comparing last December (43,000) to Dec. 2022 (47,000), per the seasonally adjusted data.

  • There were 23,000 new D.C. hires in December, a 4% decrease compared to 24,000 during Dec. 2022.
  • 14,000 people quit their jobs in D.C. in December, an 18% decrease compared to 17,000 in Dec. 2022.

Meanwhile, layoffs were up 17% in that period, reaching 7,000 last December.

Zoom in: While this data is from the end of last year, D.C. has seen a series of headline-making layoffs in 2024.

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