Government Shutdown Impacts Inflation, Jobs Data

Government Shutdowns Impact on Economic Data: Inflation and Jobs Reports DelayedThe government shutdown has caused significant disruptions in the release of crucial economic data. The Consumer Price Index (CPI) for October, scheduled for November 13th, is unlikely to be released due to the shutdown. This marks a historical first, as the White House stated that the October CPI data may never be known.Inflation data collection has been severely impacted, with surveyors unable to deploy to the field. Septembers inflation data was released during the shutdown but held steady at around three percent. The monthly jobs reports for both September and October were also not released.Once the government reopens, the first new data to emerge will likely be September jobs data, predicted to be released within days of the shutdown ending. However, the release of October and November data remains uncertain.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.