28 Jan 2025
🚫Federal Hiring Freeze Memorandum Impacts Labor Market Trends
Hiring Freeze
Summary
The memorandum issued by the President enforces a hiring freeze on federal civilian positions across the executive branch. It specifies exceptions for military personnel and positions related to national security, while outlining a plan for workforce reduction through efficiency. Contracting to circumvent the freeze is prohibited, emphasizing a focus on resource allocation and public service delivery.
Agencies
- Executive Office of the President
Business Impact
$$ - Med
The memorandum outlines a hiring freeze affecting federal civilian positions, impacting labor market trends and employment initiatives which may influence business operations and workforce availability. The specific exemption for the IRS indicates possible ongoing regulatory scrutiny which could affect related businesses.