Trump's workforce cuts impact DC job market and increase home listings, report reveals

Impact on Job Market: The Department of Government Efficiency's overhaul of the federal workforce has led to significant job losses in the Washington area, resulting in the highest unemployment rate in the nation at 6% and a 64% increase in homes for sale since June 2024.

Future Projections: The DMV region's economy is expected to weaken further due to ongoing federal workforce reductions, with predictions of additional job losses and stagnation in private-sector job growth, as many new positions do not match the skills of laid-off federal workers.