financetom
Economy
financetom
/
Economy
/
US government added 9,000 jobs in January, gain not expected to continue
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US government added 9,000 jobs in January, gain not expected to continue
Feb 7, 2025 9:19 AM

(Reuters) - The U.S. government added 9,000 workers in January, a gain economists do not expect to see repeated in the months ahead as President Donald Trump looks to cull the ranks of the federal workforce.

Trump came back to the presidency last month pledging to reduce the size of the federal government, and appointed Elon Musk to lead the effort at the helm of the newly created Department of Government Efficiency.

In Trump's first few weeks he has moved to shut down the U.S. Agency for International Development, affecting potentially several thousand jobs. He also offered a buyout to the federal workforce, with reportedly 60,000 workers accepting, although a federal judge has temporarily blocked the move.

The gains in federal hiring last month were led by the U.S. Postal Service, which added 5,700 workers, the Department of Labor reported on Friday. Excluding those, the government added 3,700 positions. On average U.S. government employment has grown by about 4,000 jobs a month over the past year.

"The increase in federal employment will probably shift to a decline for a while," Brian Jacobsen, chief economist at Annex Wealth Management, said.

The figures in January were collected during the monthly BLS survey of employers, conducted during the week before Trump's inauguration on Jan. 20. They may be revised in coming reports as more data on federal employment levels arrives.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Tom Lee Says 'Wars Are Good For U.S. Markets' And Bets $6.8B On Ethereum To Prove It
Tom Lee Says 'Wars Are Good For U.S. Markets' And Bets $6.8B On Ethereum To Prove It
Mar 25, 2026
Bitmine lhas aunched MAVAN, an institutional Ethereum (CRYPTO: ETH) staking platform, with Chairman Tom Lee betting $6.8 billion in staked ETH on his thesis that “wars are going to be good for the U.S. economy and the U.S. stock market.” The War Opportunity Thesis Lee argues that markets bottom early into conflicts despite short-term uncertainty.  His research shows that across...
Fed reports narrowing $19.6 billion loss for operations in 2025 
Fed reports narrowing $19.6 billion loss for operations in 2025 
Mar 25, 2026
NEW YORK, March 25 (Reuters) - The Federal Reserve reported a narrower loss last year in an audited financial statement released on Wednesday. The Fed said that its total comprehensive loss for the full year of 2025 stood at $19.6 billion, versus $77.5 billion in red ink for 2024 and a $114.6 billion loss in 2023. The Fed last turned...
US military says it struck vessel in Caribbean, killed four people
US military says it struck vessel in Caribbean, killed four people
Mar 25, 2026
March 25 (Reuters) - The U.S. military struck a vessel transiting in the Caribbean region on Wednesday, killing four people, the U.S. Southern Command said in a statement. ...
Brookings Institution paper charts path toward smaller Fed balance sheet
Brookings Institution paper charts path toward smaller Fed balance sheet
Mar 25, 2026
March 25 (Reuters) - If the Federal Reserve truly wants a smaller balance sheet, it can get there with regulatory changes, tweaks to the payment system and more frequent market interventions by the central bank, new research published by the Brookings Institution said on Wednesday. In a paper written by Darrell Duffie, professor of management and professor of finance at...
Copyright 2023-2026 - www.financetom.com All Rights Reserved