President Donald Trump’s effort to cut federal government waste is already bearing fruit. Friday’s jobs report reveals 10,000 wasteful federal government positions were eliminated last month. It’s the first time in years federal employment has fallen after the Biden administration significantly expanded the federal workforce. At best, government jobs are unproductive. At worst, they actively work against the interests of small businesses and the broader economy by creating regulations and inefficiency. For example, the Biden administration and its government workforce enacted nearly $2 trillion in burdensome regulations that ground the economy to a standstill. By eliminating federal government jobs, the Trump administration is freeing up capacity for the real economy while reducing inflationary government spending via savings on bureaucrat paychecks and benefits. And the best is yet to come. Since the jobs report survey period occurs around the 12th of the month, the February numbers didn’t capture the additional federal workforce reductions since then. A Thursday report from the consultancy Challenger, Gray & Christmas estimates 62,000 federal job cuts. Then there are roughly 75,000 federal government employees who have accepted buyouts. The jobs report also showed a significant moderation in unproductive quasi-government jobs in social assistance. Only 11,000 of these jobs were created last month — half as many as under the Biden administration. These positions, often funded through government contracts, do not contribute to economic growth. Ignoring these unproductive government and quasi-government jobs, the private-sector economy, led by small businesses, showed another solid month of hiring. Real wages increased significantly. As Trump articulated in his address to Congress on Tuesday, his policies of deregulation and unleashing American energy are encouraging businesses to hire and expand. Nearly $2 trillion of productive business investment has been announced under Trump.

Click to read the full article