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Government shutdown leaves the economy in uncharted territory

Government shutdown leaves the economy in uncharted territory

Summary

The U.S. government shutdown that started on October 1 is halting the release of important data about jobs, public health, and agriculture. This data helps businesses, policymakers, and local governments make informed decisions. As a result of the shutdown, uncertainty is growing in the economy and other sectors.

Key Facts

  • The government stopped collecting and sharing data on jobs, health, and agriculture due to the shutdown.
  • The Bureau of Labor Statistics didn't release the September jobs report and hasn't collected October data.
  • Public health data for flu, RSV, and COVID-19 cases are not being updated.
  • The USDA is not releasing its usual reports on crop sales and agriculture trends.
  • Important demographic data such as the American Community Survey is delayed.
  • Some critical data, like inflation figures tied to Social Security, have still been released.
  • The GDP report, which shows economic growth, is delayed as long as the shutdown continues.

Source Information