💨 Abstract

The University of Virginia's Weldon Cooper Center predicts Virginia will lose 32,000 jobs in 2025 due to federal government cuts, leading to a slowing economy and rising unemployment rates. One in seven jobs in Virginia is linked to the federal government, and cuts will spill over into other sectors like retail and restaurants. Policymakers need to mitigate the fallout, focusing on economic resilience and supporting affected individuals to prevent mass departures from the region.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖