Fate of Friday's Nonfarm Payrolls Report Uncertain After US Government Shutdown

According to reports, the US Bureau of Labor Statistics (BLS) has stated that no economic data will be released or collected during the government shutdown, leaving the fate of this Friday's monthly nonfarm payrolls report uncertain. The Labor Department's monthly inflation report, originally scheduled for mid-October, may also be affected by the duration of the shutdown. The delayed release of economic data will shift market focus to alternative sources such as the ADP monthly private sector employment report set to be released on Wednesday. Weekly initial jobless claims data collected by states is expected to continue uninterrupted. Additionally, reports like the monthly industrial production report from the Federal Reserve will be released as usual, as the Fed's funding is not allocated by Congress. The delayed reports will be released after the government reopens, but the data quality may be compromised. The impact will be particularly noticeable on the inflation report, as field price checkers relied on by the Labor Department to monitor prices in stores will be forced to take leave.

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