"The US government has shut down after Congress failed to pass a spending bill before the 12:01 a.m. Wednesday deadline. Depending on how long it goes on, that could affect the Bureau of Labor Statistics' reports that help businesses, workers, and the Federal Reserve know what's happening in the economy. Based on the Department of Labor's contingency plan, if the government shutdown is still happening on Friday, the monthly employment situation, commonly known as the jobs report, won't be published as planned."
"The Department of Labor said the Bureau of Labor Statistics would "suspend all operations," planned publications wouldn't be released, data collection would stop, and its website wouldn't be updated during the fundinglapse. If it continues for a while, planned data releases could be delayed, and could affect data quality down the line. In the 2013 government shutdown, the September jobs report was delayed about two weeks, and the subsequent October report was delayed a week "to allow enough time to collect data," after the shutdown, BLS said."
Congress failed to pass a spending bill before the 12:01 a.m. Wednesday deadline, triggering a US government shutdown. The Department of Labor's contingency plan states that if the shutdown persists through Friday, the Bureau of Labor Statistics will not publish the monthly employment situation report as scheduled. A prolonged funding lapse into mid-October could delay inflation data used for the Social Security cost-of-living adjustment. The Labor Department said the BLS would suspend operations, pause data collection, halt planned publications, and not update its website. Past shutdowns delayed jobs reports to allow time for data collection, and prolonged lapses could affect future data quality.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]