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

Index Last Change % Change
Dow 17,705.60 54.34 0.31%
Nasdaq 4,736.57 10.93 0.23%
S&P 500 2,056.22 5.10 0.25%
Treasuries 1.77 -0.01 -0.67%
Data as of 12:20pm ET
Company Price Change % Change
Bank of America Corp... 14.14 0.01 0.07%
Chesapeake Energy Co... 5.88 0.22 3.98%
Freeport-McMoRan Inc... 11.54 -0.26 -2.20%
Apple Inc 93.23 -0.39 -0.42%
Marathon Oil Corp 12.17 0.00 0.00%
Data as of 12:04pm ET
Sponsors

Sections

Adidas shares have soared despite the FIFA scandal and weakness in its golf unit. Sales are surging around the world. And Adidas has snagged some high profile athletes as endorsers to step up its game against Nike and Under Armour. More

Hedge fund billionaire Stanley Druckenmiller warned on Wednesday at the Sohn Investment Conference a debt-fueled disaster is coming in the U.S. and China. More

If you're on a popular Reddit comment thread, there's a good chance you'll come across at least one mention of Hitler or Nazi Germany. More

Visa says new software will allow consumers to check out with chip cards as fast as swiping a card with magnetic strip. More