Mass layoffs at U.S. federal agencies have led to a significant spike in job applications from public servants amid sweeping cuts across various agencies.
Mass Exiting of Federal Workers into the Job Market
According to Indeed's data, job applications from employees in D.O.G.E-impacted agencies have soared by 75% compared to 2022. Economist Cory Stahle noted this is the biggest surge observed post-presidential elections and inaugurations. It took many by surprise, particularly amidst a slow hiring market.
Recession Fears Amid Layoffs
Economists are noting potential signs of recession stemming from these layoffs. Claudia Sahm, creator of the Sahm Rule, warned these massive layoffs could lead to a decline in consumer spending, further risking economic downturn.
Speed of Cuts and National Uncertainty
Claudia Sahm emphasized the rapid nature of D.O.G.E's actions, contrasting with previous administrations' more gradual approach. This approach has led to a sense of uncertainty and anxiety among federal employees, receiving mass notifications.
The scale and speed of the D.O.G.E layoffs continue to cause concern among economists and workers, especially in an already fragile economy. The uncertainty places many federal employees in precarious positions regarding their jobs and future.
