September jobs report will be out Thursday as first data since shutdown starts to trickle out

The government shutdown may have caused delays in economic data releases, but the Bureau of Labor Statistics has announced that the first report will be released next week. Wall Street is eagerly awaiting updates on critical data such as employment, inflation, and other economic indicators.

The upcoming report on September nonfarm payrolls is scheduled for release on Thursday at 8:30 a.m. This report will be followed by the release of real earnings, a companion report to the monthly consumer price index. The government shutdown had halted data collection and releases, creating uncertainty and complicating the economic picture.

Economists are expecting the “employment situation” report to include only the nonfarm payrolls count, as the unemployment rate may not be included due to the shutdown’s impact on data collection methods. The Federal Reserve and investors are closely monitoring the incoming data to assess the economic outlook.

While the Bureau of Labor Statistics and the Commerce Department work on finalizing revised release dates for various economic reports, Democratic lawmakers are expressing impatience and demanding answers on the delayed data releases. They emphasize the importance of timely and comprehensive economic data for businesses, consumers, policymakers, and the Fed.

Labor Secretary Lori Chavez-DeRemer has indicated that data on payrolls and prices will need to be assessed for accuracy before release. Citigroup economist Andrew Hollenhorst is optimistic that the Fed will have access to key reports by its next policy meeting in December.

Overall, the government shutdown’s impact on data releases has created challenges for policymakers and investors. However, efforts are underway to ensure that essential economic data is released in a timely manner to provide clarity on the economic landscape. Stay tuned for updates on upcoming data releases and their implications for the market.