Federal Shutdown Casualty: Monthly Jobs Report
Today we should be talking about the jobs report released last Friday by the U.S. Labor Department, but we can’t thanks to the shutdown of the federal government. The report, which many consider to be the most important and critical set of monthly economic indicators – like the unemployment rate, labor force participation rate and payroll levels – was scheduled to be released on Friday, October 4. A statement released by the Labor Department last Thursday explains that, due to the shutdown, the report will not be released as scheduled and an alternative release date has not been set:
"Due to the lapse in funding, the Employment Situation release which provides data on employment during the month of September, compiled by the U.S. Department of Labor’s Bureau of Labor Statistics, will not be issued as scheduled on Friday, October 4, 2013. An alternative release date has not been scheduled. The Employment Situation release includes the unemployment rate (from the household survey) and payroll employment (from the business establishment survey)."