Federal government shutdown delays jobs report release, adding economic uncertainty
Shutdown halts Bureau of Labor Statistics data, delaying key reports like non-farm payrolls and unemployment claims, increasing market uncertainty and complicating Federal Reserve decisions.
- The Bureau of Labor Statistics will not release September's jobs report due to the ongoing government shutdown, affecting over 2,000 employees who are furloughed until Congress approves funding.
- ADP reported a net loss of 32,000 jobs in September, contrasting with economists' expectations of a gain of 45,000.
- Federal Reserve officials may be forced to make decisions on interest rates without key federal data, complicating matters amidst economic uncertainty.
- Experts warn that the absence of the jobs report during the shutdown could hinder the Federal Reserve's ability to make informed decisions on monetary policy.
171 Articles
171 Articles
Petty tyrant Trump doesn't want you to know how bad his economy is
The Bureau of Labor Statistics was supposed to release the September jobs report on Friday—one that would likely have shown yet another disappointing month of job creation as President Donald Trump's tariffs cripple the labor market. But the report was not released, even though it is complete and could be made public, because the federal government is shut down and the Trump administration deemed BLS employees to be nonessential. "This website …
Economist 'unsettled' by lack of an official jobs report amid Trump's shutdown
For the first time since the long government shutdown in 2013, there is no jobs report from the Bureau of Labor Statistics, which is alarming some experts.Last week, the BLS posted a 73-page "contingency plan" revealing how it would operate if the government shut down on October 1. Therefore, any re...
Markets Rally Despite Shutdown Blocking Key Economic Data
Wall Street ended the week higher despite the ongoing government shutdown that has halted the release of key federal economic data. The Dow gained 415 points Friday morning, but investors face mounting uncertainty as the Labor Department’s monthly jobs report and other gold-standard indicators remain unavailable. Economists warn that the absence of official data could leave markets and the Federal Reserve “flying blind” on inflation and labor tr…
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