"A lot is packed into the jobs report The monthly jobs report is one of the government's most closely-watched economic indicators. It can move financial markets when hiring is stronger or weaker than expected. And it offers a wealth of detail about which industries are growing, or shrinking, and which workers are entering or leaving the job market. "The jobs report is every labor economist's favorite time of the month," says Daniel Zhao, chief economist at Glassdoor."
"Like other federal agencies, the Labor Department has furloughed the number crunchers who assemble the report, so it won't be released until the government shutdown is resolved. "This website is currently not being updated due to the suspension of Federal government services," said a note on the site where the jobs report is ordinarily published. "Updates to the site will start again when the Federal government resumes operations.""
The Labor Department postponed the monthly jobs report because of a federal government shutdown, leaving labor economists without the usual early-Friday data release. The agency furloughed staff who compile the report and posted a notice that the site is not being updated until federal services resume. The monthly report normally provides detailed employment, industry, and labor-force information and can move financial markets when hiring deviates from expectations. Forecasts anticipated roughly 50,000 jobs added in September, up from 22,000 in August but well below the 240,000 added a year earlier. Some slowdown is attributed to the administration's crackdown on undocumented immigrants.
Read at www.npr.org
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