How Big is the Federal Furlough?
How Big is the Federal Furlough? [Fiscal Times]
Approximately 800,000 federal workers were furloughed when the government shut down began last Tuesday. Economists predict that the impact of America’s largest employer, as President Obama described the federal government, being out of work to have a negative 0.2% impact on the gross domestic product per week. “You can knock government all you want, but we do assume that they provide a useful role to the economy,” said IHS Global Insight economist Doug Handler.