Mass Layoffs in US Government and Their Economic Impact

Mass layoffs of federal workers could have significant impacts on families and local economies, although the overall economy may remain largely unaffected. According to reports from Reuters, CNN, Forbes, CNBC, and Business Insider, these layoffs, potentially among the largest in history, pose a ‘growing’ risk to the U.S. economy and markets, as per an Apollo Economist. The spending cuts and mass layoffs have introduced uncertainty into U.S. stock growth prospects. — news from Reuters

Leave a Reply

Your email address will not be published. Required fields are marked *