SF February Real Estate Market Report 2026

Federal Government Employment by Month since January 2012*

Federal government employment fell by 274,000 in 2025— the largest decline in any calendar year since 1946. Through November, the Dept. of Defense shed 68,000 jobs, federal hospitals shed 16,000 jobs, the Postal Service lost 6,000, and other Federal agencies, 185,000. U.S. Immigration and Customs Enforcement (ICE) added 12,000 employees.

3,150,000

3,050,000

New administration begins |

Federal government employment spikes every 10 years because of temporary hiring for the decennial census. →

2,950,000

2,850,000

2,750,000

Oct. – Dec. 2025 ↑

2,650,000

*Per U.S. Bureau of Labor Statistics (BLS), https://data.bls.gov/timeseries/CES9091000001. Seasonally adjusted. Data for last 2 months is preliminary. Data from sources deemed reliable but not guaranteed. All numbers approximate and subject to revision.

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