Part 2/10:
A critical factor driving these concerns is the substantial number of government layoffs and voluntary resignations—estimated at around 250,000—impacting stability across various sectors. These job losses are particularly pertinent as they are beginning to manifest in earnings reports from Wall Street companies. For instance, airlines like United Airlines report a staggering 50% decline in government travel, leading to lowered forecasts for the upcoming quarters. Similarly, consulting firms like Accenture are observing a significant decline in government contracts, hinting at the broader repercussions of these layoffs.