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The Department of Government Efficiency (DOGE) is looking to shed a number of public programs which will most likely lead to a number of government jobs being eliminated.

I’m keeping my eye on the February (released on March 7th) and March (released on April 4th) employment numbers.

Over the past 12 months we’ve seen 437,000 government jobs added. These government job additions have been propping up the job numbers. The only other sector where more jobs have been added over the past year is “private education and health services”.

We could see the markets dip when we do get the job numbers for the next couple of months, as they won’t be propped up by government jobs.

#doge #jobs #economy #stockmarket

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Discussion

James Butler Hickok 10mo ago

I do feel bad for all the good workers who will lose their jobs and did nothing to deserve it but most of those jobs simply shouldn't exist and have to go away.

Learn About Bit 10mo ago

Yea I feel the same. I feel for people losing their jobs, but the government should be smaller. The free market can decide whether the service is benefitting society and worth the expense.