Half a Million US Jobs on the Line as DOGE Fallout Spreads
This article is for subscribers only.
The Trump administration’s rapid efforts to dramatically shrink the size of federal government have economists rethinking forecasts for another solid year of labor market expansion in 2025.
Already, Bloomberg Economics estimates tens of thousands of federal jobs have been cut in the six weeks since President Donald Trump took office. Comerica Bank, Evercore ISI and Barclays are among firms who say total job losses could top half a million by the end of the year.