Wider Federal Workforce May Shrink by 1.2 Million, Fed Estimate Shows
President Donald Trump has initiated sweeping cuts to federal staffing across the country in an effort to reduce waste and government spending.
Photographer: Chris Kleponis/CNP/Bloomberg
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The broader US federal workforce could shrink by more than 1 million, according to an analysis from the Federal Reserve Bank of Atlanta, largely reflecting an estimated reduction in those indirectly employed by the government through contracts and grants.
“Given the size of the federal workforce, the reduction in employment levels could have a measurable impact on labor market outcomes,” M. Melinda Pitts, a researcher at the Atlanta Fed, wrote in a blog post published Monday.