Federal Spending Keeps Washington's Economy Growing In 2002
10 October 2003 - 2:00pm
This report analyzes the substantial increase of federal spending in the Washington area during 2002 and how this boost cushioned the area's economy during a national recession.
This report by Stephen Fuller analyzes the substantial increase--by $8.25 billion, or more than 10 percent--in federal spending in the Washington area during 2002 and how the boost cushioned the area's economy during a national recession. "No other major metropolitan area registered net job gains in 2002, and the region's unemployment during the year remained low.
Source:
The Brookings Institution, October 13, 2005
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