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

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Index Last Change % Change
Dow 17,827.75 12.81 0.07%
Nasdaq 4,787.32 29.07 0.61%
S&P 500 2,072.83 5.80 0.28%
Treasuries 2.23 -0.03 -1.15%
Data as of 8:38pm ET
Company Price Change % Change
Kinder Morgan Inc 42.32 0.00 0.00%
Apple Inc 119.00 0.00 0.00%
Facebook Inc 77.62 1.99 2.63%
Pfizer Inc 31.10 0.00 0.00%
Bank of America Corp... 17.11 0.00 0.00%
Data as of Nov 26

Sections

The European Parliament has voted to break up Google and weaken its dominance across the region. More

Warren called it "hypocritical" for the White House to oppose corporate inversions but nominate a person who has worked in this area. More

Two pilots encountered drones while flying over college football games and another pilot saw one while flying over the Hollywood sign. More

Natalie's Cakes and More has raised $84,000 through GoFundMe after protests trash store. More

Retailers are promising big deals this Black Friday, but are the savings actually worth the shopping mayhem? Test your deal-sniffing skills. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.