U.S. Labor Department Delays Release of January Employment Report Due to Partial Federal Government Shutdown
JH Kim
Summary
- The U.S. Department of Labor said it will be unable to release January employment data as scheduled due to a partial federal government shutdown.
- With some government functions suspended, statistical compilation and validation work are being delayed, and the release schedule for employment indicators is being postponed.
- The U.S. monthly jobs report is a key indicator used by the Federal Reserve (Fed) in assessing monetary policy, and the delay could add uncertainty to financial markets.
Forecast Trend Report by Period
According to Walter Bloomberg, an economic news alert account, on the 2nd (local time), the U.S. Department of Labor said it will be unable to release January employment data as scheduled due to a partial federal government shutdown.
The department explained that the suspension of some government functions is delaying statistical compilation and validation work, and therefore it is postponing the release schedule for the employment indicators. A specific new release date has not yet been disclosed.
As the U.S. monthly jobs report is used as a key indicator for the Federal Reserve (Fed) in assessing monetary policy, analysts say the delay could add uncertainty to financial markets.
JH Kim
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