US Bureau of Labor Statistics to Suspend Operations During Government Shutdown
The U.S. Bureau of Labor Statistics suspends key economic data releases, including the nonfarm payroll report, due to the ongoing government shutdown.
Fact Check
The U.S. Department of Labor's official contingency plan explicitly states that the Bureau of Labor Statistics (BLS) will 'completely cease operations' during a government shutdown. A recent CNN report corroborates this, stating the BLS will stop releasing key data. Evidence to the contrary refers to past, partial shutdowns where the BLS happened to be funded, which is different from the contingency plan for a full shutdown.
Summary
The U.S. Bureau of Labor Statistics will halt operations due to the government shutdown, delaying the release of crucial economic reports. The nonfarm payroll report and weekly jobless claims report have been postponed. Although September's nonfarm data has been collected, the bureau has yet to confirm its release.
Terms & Concepts
- Government Shutdown: A closure of non-essential federal government operations due to funding gaps, affecting agency activities and public services.
- Economic Data Release: The public dissemination of statistical information on economic indicators such as employment, inflation, and GDP by official agencies.