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Friday, September 27, 2013

Report: Employment Report to be delayed if Government Shutdown

by Calculated Risk on 9/27/2013 06:12:00 PM

A week ago I was wondering about this ...

From Reuters: Labor Dept says U.S. jobs report would be delayed by shutdown

The U.S. Labor Department said in a memo on Friday it would not issue its closely-watched monthly employment report next week should the government shut down on Monday.

"All survey and other program operations will cease and the public website will not be updated," Erica Groshen, the commissioner of the Bureau of Labor Statistics, said in a memo published on the department's website.
A separate memo from the Labor Department said the government's weekly jobless claims report, which is due on Thursday, would not be affected.
A partial shutdown is dumb, disruptive and costs money (no money is saved). A shutdown is very possible (it would start on Tuesday Oct 1st). But even with a shutdown, I'm confident Congress will pay the bills (aka raise "debt ceiling").