No Govt. Economic reports due to the Govt. Shutdown?
Come ON?
Private Data Report….
A leading economist is warning that job creation in the U.S. economy is slowing to a crawl as the ongoing government shutdown precluded the release of the September jobs report last week.
Moody’s Analytics chief economist Mark Zandi wrote Sunday in a post on X noting that the shutdown forestalled the release of the September jobs report from the Bureau of Labor Statistics (BLS) as scheduled on Friday, which caused data watchers to focus on private data reports in the absence of the BLS’ data.
“While not a replacement, there are good private sources of jobs data,” Zandi wrote and noted Revelio Labs develops a report estimating job growth using professional networking sites like LinkedIn as a reference point. “The data show that employment increased by 60k in September, almost entirely concentrated in the education and healthcare sector.”
“Even this paltry gain likely overstates things, as Revelio’s data has been revised significantly lower of late, as more data comes in. Also of note, the job growth last month was almost exclusively in California, New York, and Massachusetts,” he noted….
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Govt. Shutdown excuse for NO Govt. Economy Report….
The government shutdown halted the release of key economic data, choking off the flow of information as some experts warn the economy may be slipping toward a recession, some economists told ABC News.
A federal agency postponed the release of a monthly jobs report on Friday, leaving observers in the dark about the status of a sharp hiring slowdown. If the government shutdown stretches into next week, fresh inflation figures will go unreported, masking price levels in the midst of rising costs.
Jim Reid, a research strategist at Deutsche Bank, in a memo to clients on Monday, lamented the “data vacuum.”
The absence of government data heightens uncertainty at a fraught moment for the U.S. economy, potentially hamstringing responses from consumers, businesses and policymakers, some economists told ABC News. The extent of possible shutdown-induced economic damage could also go undetected, they added.
“It adds to risk and uncertainty at a most inopportune time,” Mark Hamrick, senior economic analyst at Bankrate, told ABC News. “Now we’re all essentially looking through a fog.”…
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The downshift in hiring has proven especially worrisome, stoking concern among some economists about a possible recession.
A jobs report last month showed a sharp decrease in hiring in August, extending a lackluster period for the labor market. Meanwhile, a revision of previous hiring estimates days later revealed the U.S. economy added far fewer jobs in 2024 and early 2025 than previously estimated, deepening concern….
More on checking the US Economy nnow that Trump does want people to KNOW any Bad news…
….Where it stands: Morning Consult, a private data firm, says there has been a surge in interest from business clients — including a “hockey stick” increase in visits to its webpage tracking jobs and labor data.
“It’s been intense,” says John Leer, Morning Consult’s chief economist.
The big picture: The BLS shutdown comes at a particularly inopportune time — when the economy is shifting rapidly, partly due to big policy changes from the White House like tariff increases and the immigration crackdown.
The labor market is also slowing considerably. “We’re at a very challenging time in terms of understanding where we are in the business cycle,” Leer says.
Zoom out: There’s no shortage of ways to measure the economy, and this was true long before the shutdown started….
More….