Washington (AP) – The recent formation of the Federal Ministry of the state efficiency of the federal employees has beaten the labor market in Washington and put more households into the metropolitan region in financial need, according to a report published on Wednesday.
The number of houses for sale in the Columbia, Maryland and Virginia district, also known as DMV, has risen by 64% since June 2024, and according to the DMV Monitor, a DMV monitor created by the Brookings Institution, a real-time data that is from the institution of Brookings with the metropolitan Washington Council of the government lawyers was created.
Washington has had the country’s highest seasonally adjusted unemployment rate for four months. The unemployment rate was 5.3%in January and rose to 6%in August in August, compared to the national average of 4.3%.
From the beginning of President Donald Trump’s second term in January in January, led by his then lawyer Elon Musk, he donated the cleans of federal authorities with the express mission, fraud to express waste and abuse. Doge led to tens of thousands of job cuts, including layoffs and people who accepted financial incentives for the termination. Some people in turn became a reflection of the random process. Although losses were felt throughout the country, the Washington area was particularly complex.
Scott Kupor, director of the US office for personnel administration, said last month that 300,000 federal workers will be less nationwide by the end of the year. The government has around 2.5 million workers, including military members.
The contractors were also affected. According to the Doge website, 13,231 federal government contracts were terminated and savings of 59 billion US dollars. In the 2024 financial year, more than 100,000 companies received contracts with a total of around 774 billion US dollars.
In addition to the mass decisions, the other measures by the Republican President could “affect consumer expenditure and investments in the local economy,” the report in the state – including the National Guard’s operational troops and the federalization of the city’s local metropolises, “says the report.
The report also states that the employment growth of the private sector is stagnating: “With many new jobs that are not geared towards the skills and experiences of most dismissed federal workers”.
“As a result”, it is said that “the job advertisements were not as robust as in Peer regions, which is too worried when unemployment has increased in particular in the suburbs.”
Taylor Rogers, a spokeswoman for the White House, said that DC had “often had the highest unemployment rate in the nation, even while Joe Biden’s federal attitude of madness.” The unemployment rate of DC reached 11.3% at the height of the Covid 19 pandemic and at the end of Biden’s presidency fell to 5.3%. “This long-term problem is due to the over-control of the block and the sky-high-high crime, two problems that President Trump quickly and successfully resolved by promoting crime in the country’s capital and implementing the reforms of offer pages that have already managed over half a million private sector job for employees in America,” said Rogers.
The DMV region houses most college graduates of all major US metropolises, and a fifth of the federal worker focuses in the region.
In July, the Supreme Court solved the way for Trump’s Republican administration of further reducing the federal workforce, despite the warnings that critical government services would be lost. The decision does not apply to every agency, and other legal challenges for the fire procurement of the federal government will continue.
In addition, hundreds of federal employees who have lost their work in Musk’s paid flash are asked to return to work.
“The economy of the DMV region has become even weaker in many categories in many categories
In view of the proposed additional cuts in the future, the DC Fiscal Policy Institute predicts that it is probably more residents of Washington and others from all over the region who work in Washington will lose their federal jobs in the coming months and years.
The latest figures for sales analysis in Washington show that the initial claims for unemployment insurance companies rose by 33.7% in the previous year.
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