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United States Capitol and Pennsylvania Avenue in Washington, DC
View of the US Capitol and Pennsylvania Avenue in Washington, DC (Getty Images)
CAPITOL LOSSES

Washington, DC, lost over 100,000 jobs last year, the most in the US

Sweeping federal job cuts and a shrinking hospitality sector have resulted in high unemployment in the nation’s capital.

For those living there, or those predisposed to political irony, it may not come as a surprise that the home of the US government has the highest unemployment rate of anywhere in the nation.

New data released by the Bureau of Labor Statistics on Tuesday revealed that the largest year-over-year decrease in nonfarm payroll employment of any US metropolitan area last year was in Washington, DC, where almost 104,000 jobs were lost over that period. In context, that’s about 3.5x the job decline observed for Boston, Massachusetts, the metro area that saw the next most jobs lost in 2025.

Jobs lost Washington DC
Sherwood News

Generally, it follows that the largest nominal changes in employment are seen for the most populous metro areas, like Los Angeles, Dallas, Miami, and Washington, DC. However, as the BLS outlined in a separate release, DC was among the six metro areas that saw statistically significant declines last year, with employment down 3.1% to 3.26 million in January 2026.

Doge days

Earlier this month, The Guardian reported that DC had the highest unemployment rate in the country, and pointed to the drop in the federal workforce, since the government is the region’s largest employer.

Indeed, the BLS’s Employment Situation report for March detailed that ~355,000 jobs have been cut from the government since October 2024 (an 11.8% decrease), with the number of federal employees currently sitting at ~2.69 million, the lowest level since 1966.

Though initiatives like DOGE — the single greatest cause of job cuts in the US last year, according to Challenger data — have, as intended, caused a large number of civil servants to lose their jobs, a cocktail of other issues are also driving joblessness in DC.

Per Axios, the area’s hospitality industry has shrunk as restaurants and hotels suffered from declining tourism last summer, while nongovernment workers have faced private sector layoffs. Still, looking at the historical unemployment rate in DC compared with the rest of the US, there might be longer-term issues at play.

US DC unemployment rate
Sherwood News

The latest preliminary data shows DC’s unemployment rate is hovering around the highest level since 2015, with February figures placing it at 6.5% — only slightly down from the 6.7% peak seen from November through January, and considerably greater than the national unemployment rate that month (4.4%).

However, since 2000, the unemployment rate in DC has pretty consistently outpaced that of the US overall, excluding the pandemic and the financial crisis. A competitive job market flooded with skilled workers offers one explanation; another is perhaps that DC’s fed-driven, urban economy sees the jobless rate outpace more suburban regions with steadier jobs under normal circumstances... and stays more resilient during economic downturns.

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In December, the White House announced a new program to let wealthy foreigners get a shortcut to US citizenship — the Trump Gold Card. After paying a $15,000 application fee, passing a vetting process, and ultimately paying a $1 million “contribution,” the applicant gets a card in President Trump’s favorite color that grants the owner US citizenship “in record time.”

So, how many of these rich foreigners have received their shiny ticket to American residency? Commerce Secretary Howard Lutnick told a House committee today that only one of the cards has been issued, but “hundreds” of applications are being reviewed.

In December, Lutnick predicted that the cards could generate up to $1 trillion in revenue.

power
Jake Lahut

Who’s next to leave the Trump admin following Chavez-DeRemer’s departure?

After a few abandoned nominations and the occasional lateral demotion during President Donald Trumps first year in office, turnover has accelerated dramatically.

Just in the past month, top officials such as Attorney General Pam Bondi, Homeland Security Secretary Kristi Noem, and Labor Secretary Lori Chavez-DeRemer have left their posts.

Following a report from The Atlantic alleging heavy drinking and absenteeism plaguing FBI Director Kash Patel, the odds of his departure from the Trump administration in 2026 shot up sharply, with traders now pricing in an 80% chance he won’t last the year.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

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Tulsi Gabbard, the director of national intelligence, is another official who could be on the ropes. Her deputy, Joe Kent, has already resigned over the Iran war. Gabbards 2020 presidential campaign — and appeal in broadening Trumps electorate in 2024 — heavily centered around ending perpetual regime change wars. The White House has indicated to Gabbard that they want her gone before the midterms, but the timing of her departure remains vague, according to two sources familiar with the discussions who spoke to Sherwood News in recent weeks.

As for who will replace the outgoing members, pay attention to who can be confirmed by the Senate. To replace Bondi, a Trump adviser told Sherwood the most likely replacements are acting Attorney General Todd Blanche, Trumps former personal attorney, as well as EPA Administrator Lee Zeldin.

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Following a report from The Atlantic alleging heavy drinking and absenteeism plaguing FBI Director Kash Patel, the odds of his departure from the Trump administration in 2026 shot up sharply, with traders now pricing in an 80% chance he won’t last the year.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Loading...
 

Tulsi Gabbard, the director of national intelligence, is another official who could be on the ropes. Her deputy, Joe Kent, has already resigned over the Iran war. Gabbards 2020 presidential campaign — and appeal in broadening Trumps electorate in 2024 — heavily centered around ending perpetual regime change wars. The White House has indicated to Gabbard that they want her gone before the midterms, but the timing of her departure remains vague, according to two sources familiar with the discussions who spoke to Sherwood News in recent weeks.

As for who will replace the outgoing members, pay attention to who can be confirmed by the Senate. To replace Bondi, a Trump adviser told Sherwood the most likely replacements are acting Attorney General Todd Blanche, Trumps former personal attorney, as well as EPA Administrator Lee Zeldin.

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$1.4B
Rani Molla

In an effort to cement control ahead of SpaceX’s IPO, Tesla and SpaceX CEO Elon Musk bought $1.4 billion in shares of the rocket company from current and former employees last year, The Information reports, citing the confidential IPO prospectus.

The filing also revealed a moon shot incentive plan for the boss: Musk stands to gain 60 million more shares if SpaceX’s market cap increases to as high as $6.6 trillion and it completes a plan to build AI data centers in space. For its June IPO, the company is targeting a more than $2 trillion valuation.

power
Jake Lahut

Lori Chavez-DeRemer out at Department of Labor

Lori Chavez-DeRemer resigned as President Donald Trumps labor secretary on Monday, sources familiar with the matter told NOTUS.

Her tenure at the department was mired in scandal, including her husband being barred from headquarters after women employees reported he had touched them inappropriately. Chavez-DeRemer and a top aide reportedly texted women on staff to pay attention to the secretarys husband and her father around the office, according to The New York Times.

The departments inspector general had been investigating those messages and personal requests made of staff members.

power
Jon Keegan

Report: Anthropic’s Amodei headed to White House to settle dispute

In February, President Trump called Anthropic “A RADICAL LEFT, WOKE COMPANY,” and said of the company’s Claude AI technology: “We don’t need it, we don’t want it, and will not do business with them again!”

Now, less than two months later, Anthropic CEO Dario Amodei is scheduled to meet with White House Chief of Staff Susie Wiles today, according to a report from Axios.

After being declared a supply chain risk to national security by the Pentagon, and then suing the government to block the action, Anthropic finds itself in a powerful position: it has announced that its new Mythos AI model is capable of planning and executing offensive cyberattacks, and therefore would be shared only with a close group of trusted partners for testing before wider release, leading the US Treasury to try to get its hands on the new model.

The White House meeting is expected to result in some sort of deal that settles the dispute with the company, per the report.

After being declared a supply chain risk to national security by the Pentagon, and then suing the government to block the action, Anthropic finds itself in a powerful position: it has announced that its new Mythos AI model is capable of planning and executing offensive cyberattacks, and therefore would be shared only with a close group of trusted partners for testing before wider release, leading the US Treasury to try to get its hands on the new model.

The White House meeting is expected to result in some sort of deal that settles the dispute with the company, per the report.

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