Layoff Report Shows The DOGE’s Bite | Global News Avenue

Massive shootings by federal workers have put the cuts at the highest level of measures over four years.

In February, employers announced layoffs of 172,017 jobs, the most since July 2020 and the most since February 2009, Gray & Christmas said in a report Thursday. The increase in layoffs from 49,795 in January may be attributed primarily to 62,530 layoffs at 17 federal agencies tracked by Challenger.

The report is a match made by Elon Musk and the Ministry of Efficiency Lay employees and cancel the cost-effective federal government contract. The overall impact on the job market is uncertain, partly because many shots are challenged in court and some are successful.

Some economists Don’t expect layoffs Because the size of the federal labor force is relatively small, at least in February, at least in February, how much trouble the entire labor market will be put into or increase the unemployment rate.

However, layoffs can have a ripple effect, especially if key government services are disrupted and companies contracted with the federal government also start firing workers. Challenger identified 894 job losses “downstream” by Doge cuts, including nonprofits that lost federal funds.

Unemployment claims fell next week last week, last week, according to another government report released on Thursday. The Labor Department said 221,000 unemployment claims were filed last week, down from 242,000 people the previous week.

Economists analyzed by Moody expect federal workers to push these numbers as the Taoist campaign continues. Moody’s project, due to Doge’s campaign and Budget cuts on Republican lawmakers’ plan.