According to The Kobeissi Letter, new unemployment claims in the US increased by 22,000 last week, reaching a total of 242,000. This number remains relatively low historically. However, a notable surge of 26% in unemployment claims was observed in Washington, DC, attributed to layoffs within the DOGE sector. Traders may want to monitor DOGE-related developments closely, as regional employment trends can influence market sentiment and asset valuations.

According to The Kobeissi Letter, Bloomberg News' story count on job cuts, firings, and layoffs surged to 15,651 last week, marking the highest in over a year. This doubling of reports over three weeks indicates a potential spike in the US unemployment rate, coinciding with significant workforce reductions by DOGE.

According to The Kobeissi Letter, 3,600 probationary Health and Human Services employees were laid off by DOGE, which is anticipated to save $600 million annually in taxpayer dollars. Additionally, DOGE's 65,000 cuts to date are now estimated to save approximately $38 billion in annual taxpayer dollars. This significant reduction in costs may impact government fiscal health and potentially influence market sentiment towards DOGE-related financial instruments.