Federal government shutdown delays jobs report release, adding economic uncertainty

US GDP Could Take a Hit From Shutdown, Says Treasury Secretary Bessent

The ongoing shutdown of the federal government could negatively impact America’s GDP, Treasury Secretary Scott Bessent said in a CNBC interview published on Oct. 2. On Oct. 1, the federal government shut down after Democrats and Republicans failed to agree on a deal to pass a short-term plan to keep the government funded. The House of Representatives has approved a funding proposal, but the Senate has yet to pass it. Senate Democrats opposed the…

US economy is already on the edge — a prolonged government shutdown could send it tumbling over

It’s a long way down. (IAISI/Moment via Getty Images)The economic consequences of the current federal government shutdown hinge critically on how long it lasts. If it is resolved quickly, the costs will be small, but if it drags on, it could send the U.S. economy into a tailspin. That’s because the economy is already in a precarious state, with the labor market struggling, consumers losing confidence and uncertainty mounting. As an economist who…

No Jobs Report? Here's What Economists Track Instead

The government shutdown delayed the Bureau of Labor Statistics jobs report, “arguably the most important piece of information” for the Federal Reserve to review before its meetin

Shutdown Delays Jobs Report, Obscuring Potential Economic Problems

Three days into the government shutdown, it’s increasingly unclear where the U.S. economy is headed - not because of a direct hit from the federal closures, but a lack of official data.

Shutdown has already delayed the jobs report. More critical reports could be held up

For economists who follow the job market, the first Friday of the month is usually like Christmas morning. That’s when the Labor Department ordinarily delivers its closely-watched report on jobs and unemployment.But the first Friday of October brought nothing but a lump of coal, after the jobs report was postponed by the government shutdown.Instead of sitting at her computer at 8:30 am, anxiously refreshing the screen to see the report, Allison …

The government shutdown leaves Americans in the dark about the latest job numbers

With the government shutdown blocking new job numbers, Labor Secretary Lori Chavez-DeRemer tried to point to recent "momentum." Reality told a different story.