Washington, D.C., is facing economic turmoil following mass layoffs at its largest employer, affecting federal employment and the broader economy. The local economy, historically stabilized by federal jobs, is now threatened as President Trump's administration revokes work-from-home policies and announces layoffs, pushing workers towards resignations. The federal workforce, which has been a backbone of the D.C. economy, is experiencing unprecedented instability with significant layoffs expected, creating fears of a recession and prompting a severe response from local real estate and employment sectors.
Mass layoffs have begun across the city's largest employer, tipping economic forecasts for the Washington, D.C., region toward recession.
With more than 300,000 federal government employees, the capital city and the surrounding area have one of the most highly educated and well-compensated work forces in the country.
I don't think that's the case anymore. The Trump administration, along with Elon Musk, have taken a hammer to that pillar of stability.
Dan Binstock said his office had received perhaps 10 times as many resumes from federally employed lawyers as would be usual after a president leaves office.
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