Are we seeing the local economy in free fall?

I am an employee at a business in the area. We do a lot of work for businesses and sometimes for the government. It hasn't been long since all these EO's and I am wondering if I am already seeing a local economic depression. Suddenly a lot of clients are not commissioning work.

This has me feeling paranoid and tbh once I have a bit of paranoia set in it's hard to make good judgement calls, do my job well, and generally just stay safe.

SO I am on here to ask everyone how they're doing and what are you seeing. This might be a better question for r/ Ask Economics but this is our local economy and I think I just want people to commiserate with.