US EditionLabor Department scraps October jobs report due to shutdown
The 43-day government shutdown halted household survey data collection, delaying the October jobs report and pushing the November release to Dec. 16, affecting Fed policy decisions.
- On Wednesday, the U.S. Labor Department announced it will not publish a full October jobs report, omitting the unemployment rate due to data gaps from the government shutdown.
- Because field staff were furloughed during the 43-day federal government shutdown, Current Population Survey household survey data could not be collected and cannot be retroactively collected.
- BLS said it will bundle October employer payroll data with the delayed November jobs report due December 16, while Automatic Data Processing Inc. showed 42,000 jobs added in October.
- The Federal Reserve will now lack the final pre-meeting jobs snapshot before Dec. 9, removing the last full hiring and unemployment data, and CME Group's FedWatch tool raised December hold odds to 66%.
- It is the first time in 12 years that monthly jobs data hasn't been released and follows months of controversy including the firing of Bureau of Labor Statistics commissioner Erika McEntarfer.
83 Articles
83 Articles
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US Cancels October Jobs Report After Government Shutdown Halts Data Collection
The Department of Labor’s Bureau of Labor Statistics (BLS) will not release a full October jobs report after the 43-day federal government shutdown prevented officials from collecting critical data used to calculate the unemployment rate and other key labor market measures, the agency said in a Nov. 19 notice. Instead of releasing an October edition of the bureau’s signature “Employment Situation” report, the agency will fold select October data…
US weekly jobless claims fall; continuing claims increase
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Administration won't release October report
WASHINGTON — The Labor Department said Wednesday that it won't release a full jobs report for October because the 43-day federal government shutdown meant it couldn't calculate the unemployment rate and some other key numbers.
Some US economic data lost for good because of shutdown
Some US economic data was permanently lost during the government shutdown, an information shortfall that will make economic policymaking much harder. The Bureau of Labor Statistics said the October jobs report would not be released independently, because surveys were halted: It is the first time in 77 years that the government will not publish an unemployment rate. Price data may also be lost. The lack of information comes with the Federal Reser…
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