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The shutdown-imposed data gap could be permanent

The shutdown-imposed data gap could be permanent

Summary

The U.S. government shutdown has ended, but it created a delay in important economic data reports. This delay might lead to missing information about the economy's situation in October. Officials are concerned that this could affect the understanding of economic trends in the coming months.

Key Facts

  • The shutdown caused a delay in releasing important economic data reports.
  • The Bureau of Labor Statistics (BLS) might not release data for October.
  • The missing data could affect analysis of November economic trends.
  • The White House press secretary mentioned potential permanent harm to the Federal statistical system.
  • The BLS plans to update the schedule for releasing economic reports soon.
  • There is uncertainty about whether the October unemployment rate will be known.
  • Economists have concerns about the quality of future Consumer Price Index (CPI) data due to the data disruption.

Source Information