A new report from Challenger, Gray, and Christmas, an international firm that helps laid off workers find new jobs, said that job losses spiked a whopping 245 percent to 172,017 last month, higher than any month since the middle of the Covid-19 pandemic in July 2020, and the highest in any February since 2009.
Fortunately for the Trump administration, federal government layoffs won’t show up in the government’s February monthly jobs report because they took place outside of the survey week. Meanwhile, administration officials are discussing how to fudge the numbers and remove government spending from gross domestic product reports to hide how much DOGE’s government cuts have hurt the economy.
Trump said during his speech to Congress Tuesday that his economic actions, including ill-advised tariffs, may cause “a little bit of an adjustment period.”
“There’ll be a little disturbance, but we’re okay with that. It won’t be much,” Trump added. We’re all about to find out how little that disturbance will be, and how many Americans will suffer as a result.
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