The Trump administration’s epic purge of federal workers is shaping into one of the most significant job cuts in a generation. Early indicators suggest Northern Virginia, Washington, DC, and Maryland may be in the beginning innings of an economic downturn, as jobless claims rise and a surge in active housing listings signals a very ominous outlook.
On Thursday morning, Torsten Slok, chief economist at Apollo, joined Bloomberg TV, warning, “The consensus expects total DOGE-related job cuts to be 300,000 … However, studies show that for every federal employee, there are two contractors.”
“As a result, layoffs could potentially be closer to 1 million,” Slok noted.
Watch Slok’s interview…
New jobs market data this AM showed that DOGE-related layoffs are beginning to filter through. Now comes the tsunami.
The gravy train has run out of coal Lol. Now them special people can live like the rest of us.
I hear there are some job openings that illegals used to have….feel free to apply
The worst part is that the contractors do all of the work!