Every month, the Bureau of Labor Statistics creates the most reliable measurement of US employment. But close observers of the economy remain rudderless if the office holds the data back on Friday due to the closure of the federal government.
The measurements of the agency in relation to wage growth, unemployment and jobs lead investors who assign capital and money makers who decide whether the economy needs a thrust.
Without the data, the prospects are foggy because the dangers are in abundance, so that companies could be even less willing to make decisions about the future.
“In this environment, the risk of slower growth is based on reduced visibility in the economy in an already uncertain period and less of the shutdown itself,” wrote Mike Reid, a US economist at RBC Capital Markets, in a note.
The figures are probably not published until the government is reopened, but the forecast for employment growth is currently steamed. The economists surveyed by Bloomberg awaited that employers added 53,000 jobs last month, less than the 64,000 in the six previous months before revisions. The Federal Reserve Bank of Chicago estimated that the unemployment rate remained 4.3 percent.
Other labor market indicators generated by the private sector were run down. The salary calculator ADP estimated that non -state employers took 32,000 jobs in September, while the outplacement company Challenger, Gray & Christmas, found that companies have been hired this year at the lowest level since 2009.
“The weakness of the labor market is obvious and accelerated, and what counts as good jobs is increasingly being revised,” said Andrew Flowers, chief economist at Appcast, a recruitment technology company. “The main driver for this is the job offer, especially with immigration restrictions. However, there is also indications that demand also becomes weaker.”
Senator Elizabeth Warren, Democrat of Massachusetts, sent up a letter on Thursday in which he asked the Ministry of Labor to publish the data despite the downhill. According to William Beach, a former commissioner of the Bureau of Labor Statistics, the monthly survey was collected and processed this week.
If the government has enlarged data acquisition, such as an annual survey on nutritional security and another through the wages of the farm worker, the government is already canceled.