Federal Employees

General TSP Discussion.

Moderator: Aitrus

Post Reply
Bubba
Posts: 404
Joined: Thu Mar 05, 2020 3:40 am

Federal Employees

Post by Bubba »

Given the projections that I've seen from a few researchers, there's an expectation that we'll have an unemployment rate of around 6 to 8% by August. How that'll work is beyond me, but the research is compelling. In any case, I'm sure that there'll be a discussion if we need to remove federal employees because we have too many people. I thought this was an interesting figure:

https://pbs.twimg.com/media/FoAeiRpXoAE ... me=900x900

Basically, this shows that Federal unemployment (in numbers) hasn't moved since the early 1970s...when we had a full blown war going on. Just to give you an idea:

1970 we had 200,000,000 US citizens
2023 we have 340,000,000 US citizens

For numbers sake, we have about 3 million Federal employees (we have a tad bit less than the early 1970s). That would give us the following numbers:

1970s we had 0.015 federal employee per American citizen
2023 we have 0.0088 federal employees per American citizen

Say what you want, but I think we've become more efficient...quite a bit more...

Having said that, I'm sure there could be changes made, but I think we're doing pretty well at present.

Source https://www.macrotrends.net/countries/U ... population

P.S. Macrotrends has tons of interesting information such as 100 years of the S&P 500 and Nasdaq, inflation and much more. Enjoy!

User avatar
evilanne
Posts: 2067
Joined: Thu May 14, 2015 6:52 pm

Re: Federal Employees

Post by evilanne »

Interesting but I'm not sure you can make any conclusions based on the total number of Federal employees because there are many functions that have been contracted out.
With A-76 & contracting out it has been a shell game with the number of employees over the years.

Just look at TSP (which didn't come into existence until the mid 80's). It's a great program but with the change in contractors, I certainly wouldn't say it is more efficient especially with this last change in contractors. According to Wikipedia, https://en.wikipedia.org/wiki/Federal_R ... ment_Board they have roughly 270 employees. How many FTEs does the contractor have? The new contractor certainly was not prepared with an adequate number of employees for the transition.

Post Reply

Fund Prices2024-04-12

FundPriceDayYTD
G $18.18 0.01% 1.19%
F $18.76 0.27% -2.42%
C $80.20 -1.44% 7.85%
S $78.58 -1.92% 1.92%
I $41.26 -1.44% 2.68%
L2065 $15.90 -1.49% 5.17%
L2060 $15.90 -1.49% 5.18%
L2055 $15.90 -1.49% 5.18%
L2050 $31.90 -1.21% 4.23%
L2045 $14.55 -1.14% 4.03%
L2040 $53.17 -1.06% 3.85%
L2035 $14.05 -0.97% 3.64%
L2030 $46.79 -0.89% 3.44%
L2025 $13.01 -0.47% 2.40%
Linc $25.41 -0.37% 2.04%

Live Charts

Pending Allocations

Under development. For now, you may view Pending Allocations by going to "fantasy TSP" and selecting "Leaderboard sort" of "Pending Allocations".