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Washington, DC’s economy is headed for a recession as Trump slashes federal workforce

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81% Informative

The Trump administration has fired at least 103,452 workers across the federal government nationwide.

17% of the 2.4 million federal workers live in the DC metro area, according to government data.

The job cuts are expected to amount to $4.9 billion in lost wages this year , Oxford Economics says.

The impact of President Trump ’s layoffs will be immediately felt by consumer-facing industries, such as retail and hospitality.

The housing market also suggests more people might be leaving the metro area amid the layoffs.

Homes listed for sale began to pick up in late January , according to Realtor.com data, and were 56.2% higher in the week of March 8 compared to the same week a year earlier .

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