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Per CBS: Labor Dept. to delay economic data if gov't shuts down
Posted on 9/29/25 at 4:07 pm
Posted on 9/29/25 at 4:07 pm
quote:
The U.S. Department of Labor said it would delay releases of economic data if the federal government shuts down this week, which could postpone Friday's highly anticipated monthly jobs report.
On Friday, the Labor Department posted a 73-page "contingency plan" detailing operations if government funding lapses at midnight on Sept. 30. If that occurs, the Bureau of Labor Statistics (BLS) would suspend all operations, including data collection activities for BLS surveys, website updates and economic reports, the plan states.
The BLS is scheduled to release its report on September employment gains on Oct. 3. In a shutdown, government agencies must stop all non-essential functions until funding is approved by Congress and signed into law, except for programs that are funded from other sources, such as fees, or under other legislation.
The BLS' closely watched monthly jobs report drew scrutiny last month when President Trump fired its commissioner of labor statistics after disappointing employment numbers. At the same time, the Federal Reserve has signaled it is closely watching the labor market for signs of weakness amid a hiring slowdown.
Earlier this month, Fed Chair Jerome Powell cited headwinds facing the labor market as a key factor in the central bank's vote for an interest rate cut earlier this month.
quote:
Although it's unclear whether a shutdown will occur or how long it could last, the possibility raises the risk that some government economic reports would not be available to the Fed before its next meeting on Oct. 29, he added.
quote:
"We believe that a shutdown will have only a small and transitory economic impact, but it may spur some financial market volatility, especially if delays in government economic reports obscure the path of Federal Reserve's interest-rate cuts," said Jennifer Timmerman, investment strategy analyst, in a Wells Fargo Investment Institute report released Monday.
LINK
It's TRANSITORY!
7
Posted on 9/29/25 at 4:10 pm to ragincajun03
This post was edited on 9/29/25 at 4:11 pm
Posted on 9/29/25 at 4:11 pm to ragincajun03
Posted on 9/29/25 at 4:44 pm to ragincajun03
quote:
President Trump fired its commissioner of labor statistics after disappointing employment numbers.
This is a lie. She was fired because 2024's numbers were revised down by a million.
Posted on 9/29/25 at 6:15 pm to ragincajun03
We don’t care. You do more damage when the doors are open anyway.
Posted on 9/29/25 at 6:25 pm to ragincajun03
Dont they get backpay anyway for the time they spend at home?
Posted on 9/29/25 at 6:56 pm to BurningHeart
quote:
Dont they get backpay anyway for the time they spend at home?
Not all the time.
Posted on 9/29/25 at 6:57 pm to BurningHeart
quote:. If Congress was not paid like the rest of government employees.
Dont they get backpay anyway for the time they spend at home?
This would never happen.
Posted on 9/29/25 at 6:59 pm to lsugorilla
quote:
Not all the time
GS employees get back pay by law
Posted on 9/29/25 at 7:23 pm to ragincajun03
How many millions of dollars does it cost taxpayers for the federal government to come out and say "Yeah, shits kinda fricked."?
Posted on 9/29/25 at 7:35 pm to rob0710
quote:
President Trump fired its commissioner of labor statistics after disappointing employment numbers.
This is a lie. She was fired because 2024's numbers were revised down by a million.
Read carefully. The writer knew what they were writing here. Pay attention to how they relate the firing. It doesn’t say she was fired “because of disappointing employment numbers.” It says she was fired “after disappointing employment numbers.” The second sentence simply reports a temporal relationship. It happened after something else happened. But it does it in a way that strongly implies a causal relationship. It conveys “because of” without saying it. Sneaky.
Posted on 9/29/25 at 7:50 pm to BR Tiger
Correct.
It is a fact that the person was fired after a disappointing report. However, said report might not have been the sole reason.
It is a fact that the person was fired after a disappointing report. However, said report might not have been the sole reason.
Posted on 9/29/25 at 8:07 pm to ragincajun03
How can the so called greatest country in the world even come to this A government shutdown should NEVER be a threat in this country. Such an embarrassment to the rest of the world.
Posted on 9/29/25 at 8:48 pm to Teufelhunden
quote:
GS employees get back pay by law
Like that matters
Posted on 9/29/25 at 8:49 pm to dukke v
quote:
A government shutdown should NEVER be a threat in this country. Such an embarrassment to the rest of the world.
Yet it happens every year like some 3rd world country
Posted on 9/29/25 at 9:17 pm to lsugorilla
How does this even happen???? Why do we need goods from other countries??? We should be a self sufficient nation. What do we import things that we can do ourselves????? Why do we even need goods from other countries????
Posted on 9/29/25 at 9:39 pm to dukke v
quote:
Why do we even need goods from other countries
You know anyone that wants to work an assembly line for minimum wage?
Know anyone that is willing to pay high dollar for cheaply made?
Cost of all the crap people buy will shoot up
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