#TradingPairs101 US Government Has Cut 59,000 Jobs Since January
🕒 Published at 12:15 AM | ✍️ By Natalie Sherman, Business Reporter in New York
🔻 What’s Happening?
The US federal government has cut 59,000 jobs since January 2025, according to the latest jobs report.
In May alone, 22,000 federal jobs were lost.
This number does not include workers on paid leave or severance, which could make the total even higher.
📉 Why Are Government Jobs Being Cut?
Tech billionaire Elon Musk reportedly influenced the White House to cut spending through his Doge initiative.
Even after his fallout with former President Trump, Musk’s push to cut costs is still affecting hiring.
📊 What About the Rest of the Job Market?
Despite the federal job cuts:
U.S. employers added 139,000 jobs last month.
The jobless rate stayed at 4.2%, even with issues like tariffs and new trade policies.
⚠️ Why This Matters
Government job losses of this size are rare. The trend may continue if more workers on severance or leave are added to the total. It also shows how policy shifts can deeply affect public sector jobs.
Disclaimer: This news is for informational purposes only and does not offer financial advice. Always verify job and economic data through official sources before making decisions.