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With June US jobs report looming, DOGE government layoffs could start becoming a factor
For federal government workers who worked at agencies tied to this year’s job cuts, an apparent slowdown in the labor market is happening at the worst possible time. A gradual pullback in hiring and job openings has come at the same time that hundreds of thousands of federal workers are out looking for employment, the casualty of layoffs recommended by Elon Musk’s Department of Government Efficiency. Although economists almost universally downplay it, one straw in the wind may have come Wednesday, when payrolls processor ADP said private sector hiring in June unexpectedly contracted by 33,000 jobs, far lower than ... (full story)
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