Economy Watch: US Federal Job Cuts & Labor Market Anxiety

At the direction of the new administration, federal agencies have shed over 100,000 workers and further cuts have been promised. These government job cuts compound broader US policy uncertainty and stoke angst about the US labor market. An emerging risk is that federal cuts spillover to the private sector.

Join us to discuss the motives of the federal workforce reduction and the potential implications for US businesses and the economy more broadly.

Don’t miss insights on:

  • The status of the ongoing federal “reduction in force” initiative.
  • The potential implications for the US labor market more broadly.
  • Our current outlook on the US economy.
  • The evolving outlook for the global economy.
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Mitchell Barnes Yelena Shulyatyeva Erik Lundh
Economy Watch: US Federal Job Cuts & Labor Market Anxiety
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ECONOMY WATCH

Economy Watch: US Federal Job Cuts & Labor Market Anxiety

MAY 14, 2025

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At the direction of the new administration, federal agencies have shed over 100,000 workers and further cuts have been promised. These government job cuts compound broader US policy uncertainty and stoke angst about the US labor market. An emerging risk is that federal cuts spillover to the private sector.

Join us to discuss the motives of the federal workforce reduction and the potential implications for US businesses and the economy more broadly.

Don’t miss insights on:

  • The status of the ongoing federal “reduction in force” initiative.
  • The potential implications for the US labor market more broadly.
  • Our current outlook on the US economy.
  • The evolving outlook for the global economy.

Speakers

Mitchell Barnes

Mitchell Barnes

Economist
The Conference Board

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Yelena Shulyatyeva

Yelena Shulyatyeva

Senior US Economist
The Conference Board

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Erik Lundh

Erik Lundh (Moderator)

Senior Economist, Global
The Conference Board

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