No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Wednesday, October 8, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Economy

DOGE government layoffs could start becoming a factor in jobs report

by TheAdviserMagazine
3 months ago
in Economy
Reading Time: 3 mins read
A A
DOGE government layoffs could start becoming a factor in jobs report
Share on FacebookShare on TwitterShare on LInkedIn


A hiring sign is displayed in a Dominos Pizza window on June 25, 2025 in Austin, Texas.

Brandon Bell | Getty Images

For federal government workers who worked at agencies tied to this year’s job cuts, an apparent slowdown in the labor market is happening at the worst possible time.

A gradual pullback in hiring and job openings has come at the same time that hundreds of thousands of federal workers are out looking for employment, the casualty of layoffs recommended by Elon Musk’s Department of Government Efficiency.

Although economists almost universally downplay it, one straw in the wind may have come Wednesday, when payrolls processor ADP said private sector hiring in June unexpectedly contracted by 33,000 jobs, far lower than economists’ estimate of 100,000.

And while the impact from the DOGE layoffs has been fairly muted so far in relation to total job growth, recent trends show that’s about to change, according to data from the Indeed Hiring Lab.

Weak white collar demand

“There are still a lot of questions about how that’s all going to trickle into the labor market. A lot of people are out there looking for work from the federal government,” Indeed senior economist Cory Stahle said. “The big question is whether or not they’re going to be able to find them given the weaker demand for the higher education, white-collar jobs now.”

From January through April of this year, the number of job openings fell by 5% while the hiring rate has hovered around levels last seen in 2014, according to Bureau of Labor Statistics data.

At the same time, Indeed said it has seen applications from workers at federal agencies soar by 150%, a trend that has been particularly acute at knowledge-work jobs such as data analytics, marketing and software development. While May provided some hope, with applications dipping by 4%, there are still signs that the DOGE efforts are having an impact on the broader labor picture.

“Demand coming from employers has really pulled back a lot more for these white-collar jobs than it has for many of other kind of in-person skilled labor roles,” Stahle said. “So that’s a real big challenge for anybody entering the labor market right now.”

Slowdown in payrolls

The DOGE factor is a significant consideration as policymakers look for cracks in what had been a strong, and virtually uninterrupted, expansion in the labor market since the Covid pandemic.

An update on conditions comes Thursday when the BLS releases the June nonfarm payrolls count. Economists surveyed by Dow Jones expect to see growth of just 115,000, which, if accurate, would mean that every month in the first half of the year produced fewer than 150,000 new jobs. Outside of the pandemic year in 2020, it’s the slowest start to a year since the financial crisis.

The unemployment rate is expected to edge higher to 4.3%.

The efforts this year by DOGE to pare the federal workforce have resulted in more than 280,000 positions cut, according to Challenger, Gray & Christmas.

To be sure, it’s difficult to gauge what the exact impact on the headline jobs numbers will be, given that many of the displaced workers have found other employment and some of the initial layoffs have been reversed. Also, job openings at the federal level are virtually unchanged this year, though that doesn’t necessarily mean the vacancies will be filled.

However, Stahle said the efforts by the Trump administration to reduce head count are not the only obstacles facing job seekers.

He also noted that tech jobs are harder to come by as the Federal Reserve keeps its interest rate benchmark elevated, even in the face of persistent calls from President Donald Trump to ease monetary policy.

Higher rates discourage debt-dependent tech companies from borrowing and thus expanding, keeping hiring in check, Stahle said.

“A lot of the tech startups and other companies rely on borrowing to grow and hire, and if the cost of borrowing goes up, it can naturally restrict things,” Stahle said. “They went on a hiring spree [after the Covid pandemic].They brought in a lot of people and haven’t necessarily needed to hire as a result.”



Source link

Tags: DOGEfactorgovernmentJobslayoffsReportstart
ShareTweetShare
Previous Post

Israelis switch vacation plans as foreign airlines stay away

Next Post

UK’s HIVED lands €35.5M to expand its AI logistics platform and electric delivery fleet

Related Posts

edit post
Coffee Break: Armed Madhouse – Drone Evolution

Coffee Break: Armed Madhouse – Drone Evolution

by TheAdviserMagazine
October 7, 2025
0

This is Naked Capitalism fundraising week. 1147 donors have already invested in our efforts to combat corruption and predatory conduct,...

edit post
WTO hikes global trade forecast for 2025; slowdown expected in 2026

WTO hikes global trade forecast for 2025; slowdown expected in 2026

by TheAdviserMagazine
October 7, 2025
0

A cargo ship sits outside of the Port of Elizabeth marine terminal seen from Bayonne, New Jersey, U.S., April 9...

edit post
Mises on Separating Morality and State

Mises on Separating Morality and State

by TheAdviserMagazine
October 7, 2025
0

A recent surge of politically-motivated violence, dramatically underscored by the shocking assassination of Charlie Kirk, has left many Americans wondering...

edit post
Letters to Frank Meyer Reveal Rothbard’s Views on Lincoln, Slavery, and Popular Sovereignty

Letters to Frank Meyer Reveal Rothbard’s Views on Lincoln, Slavery, and Popular Sovereignty

by TheAdviserMagazine
October 7, 2025
0

When Frank Meyer described Abraham Lincoln in National Review shortly after the centenary of his death as the purveyor of...

edit post
Digital ID in the Cradle of Liberty (My Last EconLog Post)

Digital ID in the Cradle of Liberty (My Last EconLog Post)

by TheAdviserMagazine
October 7, 2025
0

On September 26, the British prime minister’s office announced that “A new digital ID scheme will help combat illegal working...

edit post
Links 10/7/2025 | naked capitalism

Links 10/7/2025 | naked capitalism

by TheAdviserMagazine
October 7, 2025
0

This is Naked Capitalism fundraising week. 1108 donors have already invested in our efforts to combat corruption and predatory conduct,...

Next Post
edit post
UK’s HIVED lands €35.5M to expand its AI logistics platform and electric delivery fleet

UK's HIVED lands €35.5M to expand its AI logistics platform and electric delivery fleet

edit post
Inside Iran’s war economy

Inside Iran’s war economy

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
Raymond James sues to retrieve dead advisor’s laptop

Raymond James sues to retrieve dead advisor’s laptop

September 11, 2025
edit post
Combining Land Trusts & LLCs for Maximum Privacy |

Combining Land Trusts & LLCs for Maximum Privacy |

0
edit post
Ørsted raises .35bn through rights issue

Ørsted raises $9.35bn through rights issue

0
edit post
North Carolina Car Accident Laws 2025

North Carolina Car Accident Laws 2025

0
edit post
How to Make the Most Money Possible from Your Rental Property

How to Make the Most Money Possible from Your Rental Property

0
edit post
Mortgage Rates Today, Tuesday, October 7: Kind of a Big Jump

Mortgage Rates Today, Tuesday, October 7: Kind of a Big Jump

0
edit post
Lunos Raises M to Deploy AI Agents That Handle Accounts Receivable Like a Human Colleague – AlleyWatch

Lunos Raises $5M to Deploy AI Agents That Handle Accounts Receivable Like a Human Colleague – AlleyWatch

0
edit post
Ørsted raises .35bn through rights issue

Ørsted raises $9.35bn through rights issue

October 8, 2025
edit post
How to Make the Most Money Possible from Your Rental Property

How to Make the Most Money Possible from Your Rental Property

October 8, 2025
edit post
KindlyMD Partners With Antalpha, Eyes 0M Convertible Debt Facility for Bitcoin Treasury

KindlyMD Partners With Antalpha, Eyes $250M Convertible Debt Facility for Bitcoin Treasury

October 8, 2025
edit post
Bullish partners with Deutsche Bank to streamline banking for digital assets (BLSH:NYSE)

Bullish partners with Deutsche Bank to streamline banking for digital assets (BLSH:NYSE)

October 8, 2025
edit post
AI Moves From Hype To Hard Hat Work

AI Moves From Hype To Hard Hat Work

October 8, 2025
edit post
The Hidden Habits That Separate Financially Confident People from the Rest

The Hidden Habits That Separate Financially Confident People from the Rest

October 8, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Ørsted raises $9.35bn through rights issue
  • How to Make the Most Money Possible from Your Rental Property
  • KindlyMD Partners With Antalpha, Eyes $250M Convertible Debt Facility for Bitcoin Treasury
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.