How Many Government Workers Could Be Furloughed?
Most of the 3.3 million government workers are deemed “essential” — they’ll keep working. But more than 783,000 government employees will sit at home, according to a CNN analysis of contingency plans published by the federal government on Friday. Not all government agencies submitted contingency plans.
What will this do to the economy?
Depends on how long it lasts. If it’s just a few days, the hit might not be severe. But three or four weeks? “(That) would do significant economic damage” — reducing GDP by 1.4 percentage points for the quarter, says Mark Zandi, chief economist and co-founder of Moody’s Analytics.
Tags: government workers