Roughly 100,000 federal employees officially left the government payroll this week, deepening concerns about the softening U.S. job market, The Wall Street Journal reported Saturday. The departures coincide with an ongoing government shutdown that could bring additional losses.
The cuts stem from the administration’s deferred-resignation program, which allowed employees to leave but continue receiving pay and benefits for months. About 154,000 took the deal, according to the Office of Personnel Management, with most staying on the books through Sept. 30. Combined with a hiring freeze, voluntary exits and layoffs, the federal workforce is expected to shrink by hundreds of thousands this year.
https://www.msn.com/en-us/money/markets/federal-job-cuts-add-strain-to-weakening-labor-market-in-u-s/ar-AA1NQYAt?ocid=finance-verthp-feeds