Fired Federal Workers Face a Sluggish Job Market

Published On Mar 7, 2025, 5:02 AM

The article discusses ongoing layoffs within the federal government, which could lead to increased tension in the labor market. Despite a low overall unemployment rate of 4%, many displaced federal workers may find it hard to secure jobs due to their specialized skills not translating well into the private sector. The economist, Cory Stahle, warns that these layoffs might stress test the labor market in the coming months, potentially impacting economic stability as government agencies are pressured to cut budgets further.