On Monday (September 29), the US Department of Labor (September 29) announced that its labor statistics (BLS) office would suspend all planned economic data – including the highly expected September report on employment – if the federal government closes this week.
This step would mean a significant disruption of the flow of economic information used by the creators of politics, investors and businesses to assess the health of the US economy. The September report, originally scheduled for the release of this Friday, is considered one of the most important indicators of the labor market conditions.
Impact on markets and policy
The suspension of data could leave financial markets and economic analysts in the dark at a time when inflation, interest rates and trends of employment are under intensive control. Without a report on employment, the federal reserve system and other institutions may face challenges in decision -making.
Timing and uncertainty
Potential weaning occurs when the Congress faces a deadline to approve a bill on financing on Tuesday before Midnight. If no agreements are reached, non-essential government function-including statistical reports will be suspended.
(Tagstotranslate) US Department of Labor
