Impact of Federal Employee Layoffs on the Economy

Reported 2 days ago

The Trump administration's mass layoffs of federal workers are creating a complex economic landscape, with potential short-term budget savings countered by risks to essential government services. While reducing the federal workforce might decrease spending and help budget deficits, it could also spike unemployment rates in areas reliant on federal jobs, disrupt critical services, and ultimately harm economic stability.

Source: YAHOO

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