Shutdown Delays September Jobless Figures

The Labor Department says it's not releasing the September employment report on Friday as scheduled. The jobs report is almost always released on the first Friday of the month. Not this time — that's thanks to the partial government shutdown which is in its fourth day.

Copyright © 2013 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.

RENEE MONTAGNE, HOST:

NPR's business news begins with no new jobs report.

The Labor Department says it's not releasing the September employment report today as scheduled. The jobs report is almost always released on the first Friday of the month. Not this time. That's thanks to the shutdown, which is in its fourth day.

The monthly report includes the unemployment rate and the number of jobs employers added. It's one of the most influential monthly economic indicators in the world. This could lead to choppy markets as traders look for other clues about the state of the U.S. economy. The Bureau of Labor Statistics, the agency that releases the report, is down to just three, three employees, from its usual 2,400 while the shutdown is in effect.

Copyright © 2013 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.