NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

Factbox-Who are the US federal workers that Trump, Musk want to trim?

Published 11/19/2024, 06:09 AM
Updated 11/19/2024, 06:11 AM
© Reuters. FILE PHOTO: Commuters walk from the Federal Triangle Metro station in Washington, U.S., January 28, 2019.  REUTERS/Joshua Roberts/File Photo

WASHINGTON (Reuters) - President-elect Donald Trump has tasked billionaire Elon Musk and former Republican presidential candidate Vivek Ramaswamy with finding deep cuts in the $6 trillion federal budget. Musk has said he aims to cut spending by 30%, while Ramaswamy has called for firing half of the federal workforce. 

The U.S. federal civilian workforce is the country's largest employer. Here's who these workers are:      

HOW MANY PEOPLE DOES THE GOVERNMENT EMPLOY? 

The U.S. government employs about 2.3 million civilian workers, according to the White House personnel office. 

That workforce has grown 7% since 2019 as Democratic President Joe Biden's administration hired construction managers, engineers and other experts to oversee big projects authorized by the 2022 infrastructure package, according to the Partnership for Public Service.

The size of the workforce has remained steady at about 0.6% of the U.S. population since 2010, the nonprofit group says. That's smaller than in decades past, when federal workers equaled 1% of the population in the 1960s and more than 2% in the 1940s.

WHO ARE THESE WORKERS? 

Federal workers tend to be older: 42.5% are over 50 years old, compared to 33.2% of U.S. workers overall, according to the Partnership for Public Service.

Federal workers likewise are more educated: 54% have a bachelor's degree or higher, compared with 40% of U.S. workers overall.

About 30% of federal workers have served in the military, compared with 5% of the total U.S. workforce.

HOW MUCH DOES THEIR SALARY COST TAXPAYERS?

The government spent $271 billion on salary and benefits for those workers in the 2022 fiscal year, according to the Congressional Budget Office, equal to 4.3% of total spending that year.

CBO found that the government would spend about 10% on wages if it matched salaries paid in the private sector. Lower-skilled workers who lack a college degree tend to be paid more than their private sector counterparts, CBO found, while those with college or professional degrees were paid less.

WHO DO THESE WORKERS WORK FOR?

National security-related agencies account for roughly 70% of the civilian workforce. The largest employers were the Department of Veterans Affairs, with 487,000 workers, followed by the armed services, the Department of Homeland Security, and the Justice Department.

© Reuters. FILE PHOTO: Commuters walk from the Federal Triangle Metro station in Washington, U.S., January 28, 2019.  REUTERS/Joshua Roberts/File Photo

WHERE DO THEY LIVE? 

Federal workers are spread out across the country, with 80% located outside the Washington region. 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.