Make Me Smart Whaddya wanna know about federal layoffs and this economy?
Feb 28, 2025
In this engaging discussion, the hosts tackle the impact of federal workforce cuts on unemployment rates and explore the overlooked signs of a private sector recession. They highlight how freelancers may be affected by layoffs without unemployment benefits. Economic indicators suggest resilience despite rising concerns, while sectors like transportation and healthcare continue to thrive. The conversation wraps with heartwarming listener stories, emphasizing community positivity and anticipation for upcoming events like Mardi Gras!
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Federal Job Cuts and Unemployment
- Federal government job cuts won't significantly impact overall unemployment initially.
- The federal government makes up a small percentage of total US employment.
Private Sector Recession?
- The private sector has not been in recession; it has seen job growth in 2024.
- Some sectors, like manufacturing, have experienced job losses, while others, like transportation, have grown.
A Freudian Slip
- Jody from Minneapolis accidentally called her colleague a "tramp" instead of a "champ."
- This created a humorous moment and bonded the team.