Weekly Market Recap – February 10, 2025

The current administration is focused on reducing the federal workforce as part of its fiscal strategy, proposing measures like severance packages, hiring freezes, and potential agency eliminations. However, data from the BLS suggests that there may be limited scope for significant cuts. This week’s chart illustrates that federal jobs, excluding active duty military personnel, have been declining as a percentage of total payroll employment since the 1960s. Today, they represent just 1.9% of all jobs, equating to about three million positions.