If the US Government Shutdown Causes a Delay in the September Jobs Report, the Interest Rate Meeting Will Face a Data Gap

BlockBeats News, September 27th, according to the U.S. Department of Labor's operational contingency plan released earlier this year, if the federal government experiences a shutdown, the September employment report scheduled to be released next Friday will face a delay. The specific impact of the current government shutdown is not yet clear, as most government agencies, including the Bureau of Labor Statistics responsible for compiling the monthly employment report, have not publicly updated their contingency plans. If Congress fails to pass a spending bill by next Tuesday, these agencies will operate according to the contingency plan. A plan updated by the Department of Labor in March last year shows that once a shutdown occurs, all data collection and planned data releases will be suspended. If the government shutdown continues and labor statistics bureau data releases are delayed, it will result in the Federal Reserve lacking several key employment and inflation economic data before its next policy meeting on October 28th to 29th, undoubtedly increasing policy-making risks. (Jin10)