
Labor Department cancels full October jobs report due to the federal shutdown

The Labor Department said Wednesday that it will not be releasing a full jobs report for October because the 43-day federal government shutdown meant it couldn’t calculate the unemployment rate and some other key numbers.
Instead, it will release some of the October jobs data — most importantly the number of jobs that employers created last month — along with the full November jobs report, now due a couple of weeks late on Dec. 16.
The department’s “employment situation” report usually comes out the first Friday of the month. But the government shutdown disrupted data collection and delayed the release of the reports. For example, the September jobs report, now coming out Thursday, was originally due Oct. 3.
The monthly jobs report consists of two parts: a survey of households that is used to determine the unemployment rate, among other things; and the “establishment” survey of companies, nonprofits and government agencies that is used to track job creation, wages and other measurements of labor market health.
The Labor Department said Wednesday that the household survey for October could not be conducted because of the shutdown and could not be done retroactively. But it was able to collect the hiring numbers from employers, and those will come out with the full November report.
Wednesday’s announcement means the September jobs numbers will likely get extra scrutiny Thursday. They are the last full measurement of hiring and unemployment that Federal Reserve policymakers will see before they meet Dec. 9-10 and decide whether to cut their benchmark interest rate for the third time this year.
The jobs numbers have lately been contentious. After the July jobs report proved disappointing, President Donald Trump abruptly fired the official responsible for collecting the data, Bureau of Labor Statistics commissioner Erika McEntarfer.
McEntarfer herself was quick to say there was nothing suspicious about Wednesday’s announcement. “No conspiracy here, folks,” she posted on the social media site Bluesky. “BLS was entirely shutdown for six weeks. Payroll data from firms can be retroactively collected for October. The household survey cannot be conducted retrospectively. This is just a straightforward consequence of having all field staff furloughed for over a month.”
____
This story has been corrected to show that the September jobs report is coming out Thursday, not Friday.
—Paul Wiseman, AP economics writer
AP Economics Writer Christopher Rugaber contributed to this report.
Originally published by fastcompany.com. Syndicated material does not necessarily reflect the views of Grazia British.
More Culture
Don’t Pull Out of Germany
Merz’s stupidity is no excuse for a stupid response. Source link
Step inside the gorgeous, futuristic offices of Vast, the startup designing the next-gen space station
A tall baobab tree greets people inside the Long Beach, California, headquarters of Vast, an aerospace company that is building the space station of the future. It’s planted beneath a…
5 ways high-performing teams stay calm when everything’s on fire
When markets swing, plans break, inboxes explode, and everyone starts saying the situation is “unprecedented” again, most teams do what humans have always done under pressure: they grip…
Confused Trump Openly Admits Plot to Rig Midterms as Polls Turn Brutal
Last week, the Supreme Court gutted protections against racial gerrymandering, and Donald Trump is already urging Republicans to seize on it. Trump unleashed a Truth Social rant on Monday…




