Editor's PiCK

Despite U.S. Government Resumption, CPI and Employment Indicators Delayed…Labor Department: "Processing Incomplete, Expect Release Next Week"

Source
Minseung Kang

Summary

  • The U.S. Department of Labor said it was uncertain about the release schedule for the October Consumer Price Index (CPI) and the September employment report.
  • It said the delay in statistical processing was due to the effects of the shutdown.
  • Markets observed that the delayed release of CPI and employment indicators could be a factor in increasing financial market volatility.
Photo = Shutterstock
Photo = Shutterstock

The U.S. Department of Labor said it could not be certain whether the October Consumer Price Index (CPI) and the September employment report would be released. This is due to delays in statistical processing work resulting from the shutdown (temporary suspension of operations).

On the 14th (local time), according to Walter Bloomberg, an overseas economic breaking news channel on X (formerly Twitter), the U.S. Secretary of Labor said, "I cannot be certain that the October CPI will be released as scheduled." He said, "Data collection for the September employment report has been completed, but processing work has not proceeded," and added, "We hope it can be released next week." Markets have also noted that the delayed release of the CPI and employment indicators could be a factor contributing to increased financial market volatility.

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Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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