U.S. Department of Labor delays release of weekly unemployment claims statistics due to government shutdown
Summary
- The U.S. Department of Labor said it has delayed the release of weekly unemployment claims statistics due to a government shutdown.
- The Labor Department said in a statement that during a shutdown the release of the statistics will not take place.
- Weekly unemployment claims are a key indicator for gauging U.S. labor market trends, economic slowdown, and the possibility of interest rate cuts.
The U.S. Department of Labor has delayed the scheduled release of weekly unemployment claims statistics due to the government shutdown.
On the 9th (local time), overseas economic news flash channel Walter Bloomberg said via X (formerly Twitter) that "the release of the U.S. weekly unemployment claims statistics will be delayed due to the government shutdown." The statistics were originally scheduled to be released at 9:30 p.m. that day (Korean time).
In a statement, the Labor Department said, "Weekly unemployment claims statistics are collected at the state level and are not released during periods of a federal government shutdown."
Weekly unemployment claims are a key indicator showing short-term trends in the U.S. labor market, and investors pay attention to them when gauging an economic slowdown or the possibility of interest rate cuts.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
![[Market] Bitcoin briefly gives back $69,000… Fallout from Trump’s ‘Strait of Hormuz warning’](https://media.bloomingbit.io/PROD/news/78293fc1-a315-4ebb-81cf-f2cb32921d57.webp?w=250)
