Government shutdown delays key monthly jobs report at a pivotal moment for the U.S. economy
For people who closely follow the U.S. economy, the first Friday of every month is known as “jobs Friday,” when the Bureau of Labor Statistics releases the previous month’s employment report at precisely 8:30 a.m. ET.
For people who closely follow the U.S. economy, the first Friday of every month is known as “jobs Friday,” when the Bureau of Labor Statistics releases the previous month’s employment report at precisely 8:30 a.m. ET.
But on this jobs Friday, September's employment data — a critical window into the health of the U.S. labor market — will not be released.
Like many other federal offices, the BLS is temporarily closed because of the ongoing government shutdown.
Until Congress approves its funding, the bureau’s more than 2,000 employees will remain furloughed, unable to release any reports.
The data blackout comes at a perilous time for the U.S. economy.
https://www.nbcnews.com/business/economy/government-shutdown-jobs-report-trump-rcna235298
Rating: 5