
Pete Hegseth Meets With Troops on Korea Trip—Except Those With Beards

It’s not a good indicator for the economy under President Trump. The website Layoffs.fyi, which tracks job cuts, estimates that 98,344 technology employees have been laid off this year from 216 companies. The site also estimates that 71,981 government employees have been laid off by Trump’s Department of Government Efficiency, out of a total of 182,528 federal employees departing from the jobs.
The Bureau of Labor Statistics’ jobs report last month showed unemployment at a four-year high, with only 22,000 jobs added in August (compared to a forecast of 75,000). Thanks to the government shutdown, job and unemployment figures from September aren’t known, but they are likely pretty bad. ADP, which processes payrolls, reported earlier this month that the private sector lost 32,000 jobs in September.
While the shutdown hides an official tally of how bad employment numbers are in America right now, Amazon’s impending layoffs, and estimates from other sources, indicate that the economy isn’t very strong right now—and the buck stops with the president.
Originally published by newrepublic.com. Syndicated material does not necessarily reflect the views of Grazia British.
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