The Federal Work Force Grew Briskly Under Biden. It’s Still Historically Low.
Published On Jan 19, 2025, 5:00 AM
This article outlines the changes in the federal workforce under the Biden administration, indicating that while the workforce has seen a 4.4% increase, it remains low as a percentage of overall employment. The incoming Trump administration is expected to propose significant cuts to the federal workforce, aiming for efficiency and a reduction of $2 trillion in spending. However, experts suggest that substantial cuts may be difficult without impacting services, suggesting that the perception of a growing workforce may not reflect actual trends.
Stock Forecasts
LMT
Negative
The news suggests potential volatility in the government-related sectors, especially if layoffs or restructuring are proposed by the incoming administration. Companies with government contracts might face uncertainty, impacting their stocks depending on the outcomes of proposed cuts.
CG
Positive
However, firms involved in efficiency technologies and management consulting may benefit from an expected demand for expertise in streamlining government operations, which could positively affect their stock performance.
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