Announced job cuts last month soared to levels not seen since the pandemic in the wake of Elon Musk’s efforts to hollow out the federal workforce. Efforts to hollow out the federal workforce by Elon Musk and his Department of Government Efficiency (DOGE) have resulted in a dramatic rise in layoff announcements.

Economist Harry Dent is still expecting a recession to hit the U.S. economy in 2025, but signals that mass illegal immigrant deportations will bring it "quicker" and "sooner."

Layoffs announced by U.S.-employers jumped to levels not seen since the last two recessions amid mass federal government job cuts, canceled contracts and fears of trade wars, offering the clearest sign yet of the toll taken on the labor market by the policies of President Donald Trump's administration.

One key indicator signaling an imminent recession is the Atlanta Fed’s GDPNow forecasting model, which updates in real time as new economic data arrives. Click to read.

Consumers are concerned that President Donald Trump’s tariffs on Canada, China and Mexico will raise prices. So you might not know that Trump and Elon Musk are working to decimate the Consumer Financial Protection Bureau.