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Jill On Money: Five Stages of Job Loss
Treasury futures climbed and the US dollar dropped as alternative employment data suggested a labor market slowdown amid the government shutdown.
- On Friday, the first Friday jobs release did not appear while the government remained in shutdown, with business-news outlets noting the routine report was unreleased.
- With the shutdown blocking the official release, market watchers and analysts turned to alternative employment measures, which suggest the labor market is downshifting.
- Private indicators showed softer hiring and activity, as alternative measures of employment and nongovernment series signalled a labor market downshifting, analysts said.
- Markets moved toward safe assets as trading adjusted, with financial and business news coverage linking the absent jobs data to immediate investor attention and heightened focus on alternative indicators.
- Analysts warn that the data gap increases short-term uncertainty as relying on alternative measures complicates labor market readings, and business newsletters urge tracking private signals.
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22 Articles
The Billings Gazette+19 Reposted by 19 other sources
Jill On Money: Five stages of job loss
Amid the government shutdown, the first Friday of the month came and went without government jobs data. However, alternative measures of employment paint a picture of a labor market that is downshifting.
·Billings, United States
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Coverage Details
Total News Sources22
Leaning Left2Leaning Right0Center19Last UpdatedBias Distribution90% Center
Bias Distribution
- 90% of the sources are Center
90% Center
C 90%
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