Washington DC Business

The Washington DC business field is constantly thriving, as should be the case seeing as it is the capital of one of the most powerful countries in the world. The economy of the District of Columbia is generally believed to be immune to downturns, since it is the home of the federal government, which in turn is responsible for 27% of the jobs in Washington, and the federal government never ceases operations, even during a recession. As a matter of fact, DC has one of the lowest unemployment rates in the United States.

However, Washington is also flourishing ground for businesses outside of politics, in particular in the fields of education, finance, public policy, and scientific research. The area of real estate is fully exploited as well in the District, surpassing London and New York city. Even in the midst of an economic crisis and housing price downturn, Washington still ranked in the top two on the Forbes list of the best long-term housing markets in the nation.