Summary
The U.S. government's shutdown has caused delays in important economic reports. This affects information on jobs and inflation, making it harder for businesses and decision-makers to understand the economy's status.
Key Facts
- The U.S. government's shutdown has stopped the publication of a major job market report.
- Another report on inflation, crucial for Social Security adjustments, may also be delayed.
- The shutdown affects the Labor Department, which collects and processes economic data.
- A previous shutdown in 2013 delayed key reports for over two weeks.
- Recent government data showed job cuts in June for the first time since 2020.
- The unemployment rate rose to 4.3% in August, the highest in nearly four years.
- Concerns about the job market have led the Federal Reserve to cut interest rates.
- Inflation data, partly influenced by tariffs, was scheduled for release on October 15.
