| I think the full effects won’t be felt until summer is over. A lot of laid off feds are still getting paid until September and a lot of leases end in the summer. It doesn’t feel like an area recession yet but I think it will in the wintertime. |
|
There are literally tons of jobs. And people got severance then unemployment for six months. If couple have kids in day care and one is laid off they might actually be making money till severance and unemployment runs out.
someone at work with a 2 and 4 year old in day care and paid though 9/30 then gets unemployment for six months till March 30 might say screw it and wait till Fall 2026 to start a new job when older one is in Public school and younger one in Pre-K. I would. Now if both laid off a different story or if no kids at home. But day care on multiple kids is terrible. |
| It’s already happening. Two friends are moving back to small town PA to live with their elderly parents. Both are two Fed families with multiple kids. One is going to do some consulting work while her DH commutes into Pittsburgh. The other is going to sub until she catches her breath. |
| The unemployed feds and contractors were living in Manassas, Fredericksburg, Oxon Hill, etc. This board won't even notice those vacancies. |
I’d say there are eight people on my block and in my immediate friend group who have been laid off since Jan 20. Federal employees and ngo types… so sad. They’ll have to start leaving soon. |
Well that’s unusual and weird. |
PG county is probably about to get hit the hardest. Lots of feds but less of a diversified industry than NOVA and MOCO. |
| It’s going to depend, if they own a house, it’s not so simple to pick up and leave. |
Yeah but some good deals on houses coming soon! |
| A few I know with young kids will probably just belt tighten and ride it out since their interest rates are so low and other spouse is still employed. Plus they are paid through the summer. |
|
There are 387 metropolitan areas in the USA. The average unemployment rate in them is 4.0.
The current unemployment rate in the greater DMV is 3.6, tied for 153rd with 22 others including Pittsburgh and Charlotte. Large metro areas with higher unemployment rates than the DMV include NYC, Philadelphia, San Francisco, San Diego, and Chicago among others. While the greater DMV is typically at or near the very low end of unemployment rates among large metro areas, the sky hasn’t fallen just yet. Yes, the DOGE firings and the fallout are real, but folks on this website are disproportionately experiencing it because of who you are and who you associate with. You are not a random sample of the DMV. |
I know 3 feds in NW DC who have lost their jobs or expect to shortly, and 1 "expects to be cut" in NE DC. It's widespread. |
Again, you’re not a random sample. See previous post. It may be “widespread” in your circle, but from a metropolitan area standpoint not so much. |
Oh and 2 of them are moving out of the area- kids in college. |
If you are unemployed, it is better to downsize and live with family or rent in a lower COLA while renting out your house here. That can give you a bit of income while avoiding foreclosure. |