On October 1, the U.S. Bureau of Labor Statistics (BLS) stated that no economic data would be released or collected during the shutdown, which means that this Friday's monthly non-farm payroll report is "up in the air." The Labor Department's monthly inflation report originally scheduled for mid-October may also be affected by the duration of the shutdown. The delay in releasing economic data will shift the market's focus to other alternative data, such as the ADP monthly private sector employment report from the payroll processing company, which is set to be released on Wednesday. The weekly initial claims for unemployment benefits data collected by the states is expected to remain uninterrupted. Additionally, data such as the monthly industrial production report released by the Fed will be published as normal, since Fed funding is not appropriated by Congress. Delayed reports will be released after the government restarts, pending data compilation, but the quality of the data may be compromised. The inflation report is particularly affected—because the "field price checkers" relied on by the Labor Department (responsible for monitoring prices on store shelves and other scenes) will be forced to take leave. (Jin10)
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After the U.S. government shutdown, the non-farm payroll report on Friday is "uncertain."
On October 1, the U.S. Bureau of Labor Statistics (BLS) stated that no economic data would be released or collected during the shutdown, which means that this Friday's monthly non-farm payroll report is "up in the air." The Labor Department's monthly inflation report originally scheduled for mid-October may also be affected by the duration of the shutdown. The delay in releasing economic data will shift the market's focus to other alternative data, such as the ADP monthly private sector employment report from the payroll processing company, which is set to be released on Wednesday. The weekly initial claims for unemployment benefits data collected by the states is expected to remain uninterrupted. Additionally, data such as the monthly industrial production report released by the Fed will be published as normal, since Fed funding is not appropriated by Congress. Delayed reports will be released after the government restarts, pending data compilation, but the quality of the data may be compromised. The inflation report is particularly affected—because the "field price checkers" relied on by the Labor Department (responsible for monitoring prices on store shelves and other scenes) will be forced to take leave. (Jin10)