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Morning Notes

by ARLnow.com June 5, 2015 at 9:00 am 1,389 0

Empty outdoor seating in Pentagon City, due to rainy and cool weather

Arlington Unemployment Down — The unemployment rate for Arlington County residents fell below 3 percent in April. The jobless rate fell to 2.9 percent from 3.1 percent in March. Arlington has the lowest unemployment rate in Virginia. [InsdeNova]

Office Vacancy Still Rising — The office vacancy rate in Arlington rose to 21.7 percent during the first quarter of 2015. That’s up from 20.5 percent one year prior. [InsideNova]

Evolent Health IPOUpdated at 9:45 a.m. — Ballston-based Evolent Health is completing its initial public stock offering. The software company is raising about $195 million at a price of $17 per share. Public trading of ticker symbol EVH on the New York Stock Exchange is expected to begin today (Friday). [DC Inno, Venture Beat]

Beyer Speaks Out Against Metro Cuts — Rep. Don Beyer (D-Va.) and a group of eight other D.C. area members of Congress have joined to oppose Republican-proposed cuts to WMATA. “We saw earlier this week at Memorial Bridge what happens when Congress abdicates its responsibility to fund our nation’s infrastructure,” Beyer said in a press release. “Now is not the time to back out of our commitment to the national capital metro system. For the safety of all the thousands of tourists, commuters, and federal employees that ride it every day, Metro has to improve. Bleeding the system dry with shortsighted reckless funding cuts is no way to do that.” [U.S. House of Representatives]

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