BLS Skips October Jobs Report Due to Shutdown

Bureau of Labor Statistics Skips October Jobs Report Due to Shutdown; November Report Delayed, September Report Set for ThursdayThe Bureau of Labor Statistics (BLS) will not release its October jobs report due to the government shutdown, which prevented the collection of necessary data. The November report, initially scheduled for December 5, will now be released on December 16, and the September report is set for Thursday. The household survey data, a key component of these reports, couldnt be gathered for October, making a full report impossible. The missing data may impact the Federal Reserves interest rate decisions, as traders predict a high chance of steady rates in December. Wall Street economists expect around 50,000 new jobs added in the September report.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.