Jobs report may be delayed by government shutdown

Friday, 27 Sep 2013 | 5:54 PM ET
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The U.S. Labor Department said in a memo on Friday it would not issue its closely-watched monthly employment report next week should the government shut down on Monday.

"All survey and other program operations will cease and the public website will not be updated," Erica Groshen, the commissioner of the Bureau of Labor Statistics, said in a memo published on the department's website.

The latest monthly U.S. nonfarm payrolls report, which sets the tone for financial markets worldwide, is due for release at 8:30 a.m. EDT on Oct. 4.

Economists currently expect to see 180,000 jobs were added to nonfarm payrolls, according to a survey by Thomson Reuters.

(Read more: What you need to know if DC's fiscal follies deepen)

Whole swaths of the U.S. federal government could shut down next week if the Congress does not approve extensions to department budgets due to expire on Monday.

'I think there will be a shutdown': Altman
Friday, 27 Sep 2013 | 6:32 AM ET
It will likely be a short shutdown, explains Roger Altman, Evercore Partners chairman & founder, but the real problem is the debt limit and going to the very edge of the cliff on default risk because of the problem of getting the Republicans to essentially agree on raising the debt limit.

On Friday, lawmakers on Capitol Hill were racing to pass legislation to avert the shutdown, but time was running out. The Senate passed a straight-forward emergency-funding measure to keep the government running through Nov. 15 and the House could vote on the bill over the weekend.

Not all U.S. economic data would be delayed by a government shutdown.

A separate memo from the Labor Department said the government's weekly jobless claims report, which is due on Thursday, would not be affected.

(Read more: A government shutdown won't crush stocks: Pro)

The U.S. Federal Reserve, which also publishes economic data, will also not be affected by a shutdown.

A document published on Friday by the Commerce Department said it could shut "services and activities provided" by its agencies that publish economic data. However, the document was classified as "pre-decisional," and it was not clear if a final decision had been made on such a plan.

—By Reuters.


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