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Labor Department won’t be releasing data, including Friday’s key jobs report, in case of a shutdown
- On Monday, September 29, the U.S. Labor Department announced the Bureau of Labor Statistics will suspend all economic data releases if a government shutdown occurs this week.
- This suspension comes as Congress approaches a Tuesday midnight deadline to approve a funding bill, with a failure to do so resulting in a halt to certain government activities, such as the release of statistical data.
- The department released a 73-page contingency plan on Friday detailing that all BLS data collection and scheduled reports, including key economic indicators, would cease during the shutdown.
- Among affected releases is Friday’s monthly nonfarm payrolls report, which is critical for assessing a weakening job market and informing the Federal Reserve ahead of its October 28-29 meeting.
- If the shutdown proceeds, the data blackout could disrupt markets and delay inflation readings that underpin Social Security cost of living adjustments for over 72 million recipients beginning January.
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Labor Department to Halt Jobs Report, Inflation Data if Government Shuts Down - American Faith
The U.S. Labor Department announced Friday that it will suspend publication of key economic reports—including the monthly jobs report, the Consumer Price Index (CPI), and the Producer Price Index (PPI)—if Congress fails to avoid a government shutdown. The move would deprive businesses, investors, and policymakers of critical data used to gauge the economy. According to the department’s contingency plan, nearly all Bureau of Labor Statistics (BLS…
Coverage Details
Total News Sources49
Leaning Left5Leaning Right6Center24Last UpdatedBias Distribution69% Center
Bias Distribution
- 69% of the sources are Center
69% Center
14%
C 69%
R 17%
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