Jobs report will be delayed by shutdown: Labor SA
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Posted On: 09/27/2013 7:47:46 PM
Jobs report will be delayed by shutdown: Labor
SAN FRANCISCO (MarketWatch) — U.S. economic data used to gauge the recovery will not be available next week if the government shuts down Tuesday, according to memos released by the Department of Labor on Friday. On its website, the Labor Dept. released a memo dated Sept. 10 stating “During a lapse in appropriations the Bureau of Labor Statistics will suspend all operations and its staff will be furloughed” and that “All survey and other program operations will cease and the public website will not be updated.” The BLS is responsible for the monthly jobs and unemployment report, with the September numbers set to come out next Friday. The Federal Reserve uses that data to help determine whether to start reducing its bond-buying program.
SAN FRANCISCO (MarketWatch) — U.S. economic data used to gauge the recovery will not be available next week if the government shuts down Tuesday, according to memos released by the Department of Labor on Friday. On its website, the Labor Dept. released a memo dated Sept. 10 stating “During a lapse in appropriations the Bureau of Labor Statistics will suspend all operations and its staff will be furloughed” and that “All survey and other program operations will cease and the public website will not be updated.” The BLS is responsible for the monthly jobs and unemployment report, with the September numbers set to come out next Friday. The Federal Reserve uses that data to help determine whether to start reducing its bond-buying program.
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