URGENT: Government Shutdown Threatens Timely Release of Crucial Economic Data

BREAKING NEWS: Government Shutdown Threatens Timely Release of Crucial Economic Data The federal government's shutdown has already delayed the release of a key job market report, scheduled for Friday. The Labor Department's Bureau of Labor Statistics is idled due to the shutdown, leaving businesses and policymakers uncertain about the labor market's strength. This delay comes at a critical time as the US economy appears to be slowing down. The shutdown may also impact the release of an inflation report in mid-October, which is crucial for calculating Social Security recipients' cost-of-living adjustments next year. The 2013 government shutdown led to similar delays and disruptions, causing significant economic uncertainty. With the current shutdown already affecting multiple government agencies, it remains unclear how long the delay will last. As negotiations between lawmakers continue, the fate of these critical reports hangs in the balance. The Labor Department has not provided a new release date for the delayed reports. This is a developing story, and we will provide updates as more information becomes available. *This is a developing story. Updates will be provided as more information becomes available. Based on reporting from Npr.*