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White House says October jobs and inflation data may never be released
- 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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The government is back open. Here’s what that means for economic data
The US government has reopened following its longest-ever shutdown, setting the stage for the eventual release of its gold-standard data, which is crucial in analyzing the health and trajectory of the nation’s economy.
·Atlanta, United States
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Coverage Details
Total News Sources63
Leaning Left14Leaning Right11Center21Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 30%
C 46%
R 24%
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