Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Economic reports would be delayed by shutdown

By Miguel Susana, CNN


NEW YORK (CNN) -- Is the economy getting better or worse? Are businesses hiring or laying off?

These are just two difficult questions that might get even trickier to answer if the government shuts down on Friday due to a budget impasse between Congress and the White House.

Both the Bureau of Labor Statistics and the Commerce Department say they will forgo releasing regularly scheduled economic reports.

If the shutdown occurs, the BLS won't give a report on Thursday about how many people have filed for first-time unemployment benefits, according to agency spokesman Gary Steinberg. And if the shutdown were to drag out to Fri., May 6, the mother of all economic reports -- the monthly jobs report -- would also be skipped.

Steinberg said contingency plans for how BLS would release any delayed information are not made public.

The Department of Commerce, which is responsible for publishing such important indicators as Gross Domestic Product and new home sales, will also forgo releasing economic data in the event of a shutdown.

"Our current understanding is that in the case of a government shutdown, the Census Bureau, the Bureau of Economic Analysis, and the Economic and Statistics Administration would be closed," an administration official said.

"We still believe there is an opportunity to avoid a government shutdown but are working to ensure that we are prepared for all possible scenarios," the administration official added.

Economic reports scheduled for the week of April 11 that could be delayed are: retail sales and business inventories; unemployment claims; the Consumer Price Index; and the Producer Price Index.

The Federal Reserve which publishes reports on Industrial Production and Regional Manufacturing Surveys would not be affected because of they are self-funding and therefore not subject to the congressional budget appropriations process, according to the agency's website. To top of page

Search for Jobs

Index Last Change % Change
Dow 19,756.85 142.04 0.72%
Nasdaq 5,444.50 27.14 0.50%
S&P 500 2,259.53 13.34 0.59%
Treasuries 2.46 0.08 3.23%
Data as of 1:48am ET
Company Price Change % Change
Bank of America Corp... 23.09 0.14 0.61%
Ford Motor Co 13.17 0.14 1.07%
Chesapeake Energy Co... 7.72 0.12 1.58%
Twenty-First Century... 28.21 -0.43 -1.50%
Apple Inc 113.95 1.83 1.63%
Data as of Dec 9
Sponsors

Sections

Even Carl Icahn, one of President-elect Donald Trump's biggest cheerleaders on Wall Street, thinks the post-election exuberance in the stock market has gotten a bit out of hand. More

Republican leaders keep saying Obamacare is hurting the economy and killing jobs, but there's scant evidence for it. In fact, a number of studies show that the economy has been growing. More

Facebook admits it messed up more ad metrics than previously thought, potentially eroding its trust and relationship with marketers and publishers. More

The Los Angeles city attorney is suing four major retailers over claims that they deliberately inflated the original price on some items that misled customers into thinking they were getting a better deal. More