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Goldman Sachs: Assuming US Government Shutdown Ends This Week, October Jobs Report Expected to be Released Early Next Week
Summary: According to Jinshi News, Goldman Sachs economists Elsie Peng and Ronnie Walker stated in a report that the US federal government shutdown has delayed the release of almost all federal economic data for September and October. Although the shutdown appears to be ending soon, statistical agencies will need time to process the backlog of data. ...
According to Jinshi News, Goldman Sachs economists Elsie Peng and Ronnie Walker stated in a report that the US federal government shutdown has delayed the release of almost all federal economic data for September and October. Although the shutdown appears to be ending soon, statistical agencies will need time to process the backlog of data.
Goldman Sachs expects that assuming the US government reopens before the end of this week, the US Bureau of Labor Statistics will release the latest October employment data early next week (Tuesday or Wednesday), but other major data releases are expected to be delayed. Goldman Sachs indicates that this means the November jobs report and inflation report may be delayed by at least one week.
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Link: Goldman Sachs: Assuming US Government Shutdown Ends This Week, October Jobs Report Expected to be Released Early Next Week [Copy]
