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White House says October jobs and inflation data may never be released
The government shutdown halted key surveys, leaving October's unemployment rate and inflation data likely unreleased, complicating Federal Reserve policy decisions amid economic uncertainty.
- Recently, the White House said federal jobs and CPI reports due in October are unlikely to be published after the shutdown ends, surprising investors and economists.
- Federal workers who collect data were not deployed after Oct. 1, so economists had already expected an October release might not occur and the last official jobs report was the August report released on September 5.
- ADP's October reading showed 42,000 jobs added, potentially filling the gap left by the expected absence of official data after the shutdown, as officials remain uncertain about publication timing.
- Policymakers, market participants and economists expect a 'fog of data' after the shutdown, and Fed Chair Jerome Powell called the lack of data on Oct. 29 "a temporary state of affairs."
- It was unclear whether Leavitt meant the jobs report scheduled for Nov. 7 or the Sept. report due on Oct. 3, and requests for clarification went unanswered.
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Coverage Details
Total News Sources64
Leaning Left14Leaning Right13Center22Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 29%
C 45%
R 26%
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