Attention federal employees: It may be hard to get a private sector job right now
CNN
Federal workers have a big decision to make on Thursday. That’s the deadline for accepting the Trump administration’s deferred resignation offer, which will allow them to quit their federal job while still being paid through September.
Federal workers have a big decision to make on Thursday. That’s the deadline for accepting the Trump administration’s deferred resignation offer, which will allow them to quit their federal job while still being paid through September. The administration is prodding federal workers to shift to the private sector for the next stage of their careers. “We encourage you to find a job in the private sector as soon as you would like to do so,” the Office of Personnel Management said in an FAQ about the offer. “The way to greater American prosperity is encouraging people to move from lower productivity jobs in the public sector to higher productivity jobs in the private sector.” But there’s one important factor that federal employees need to keep in mind: It’s not so easy to get private-sector job these days, economists say. “There has been remarkably little hiring taking place lately,” said Julia Pollak, chief economist at ZipRecruiter. “You actually have quite a static job market at the moment without that many opportunities for people to make a switch.” The latest government data reaffirmed the job market’s relatively lethargic condition. The number of job openings fell more than expected in December, according to the Job Openings and Labor Turnover Survey, which was released Tuesday. Hiring remained soft.
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