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Government Shutdown Halts U.S. Economic Data Releases, Puts Jobs Report at Risk

The loss of federal statistics forces the Fed to lean on private proxies with gaps in coverage.

A member of the public passes the US Department of Labor in Washington DC, on September 5.
Jerome Powell, the Federal Reserve chair
South Korea’s Kospi rose 0.9 per cent despite wider weakness in Asian markets
The US Capitol in Washington, DC, US, on Tuesday, Sept. 30, 2025. The US is hurtling toward a government shutdown, with Democrats and Republicans seemingly no closer to agreeing on a plan to fund federal operations and both sides blaming each other for the stalemate.

Overview

  • With funding lapsed as of Oct. 1, the Bureau of Labor Statistics, Bureau of Economic Analysis, and Census Bureau have suspended data collection and publication until appropriations are restored.
  • The Labor Department’s contingency plan says the monthly employment report will not be released on Friday if the shutdown continues.
  • Key inflation reports scheduled for mid-October could slip, which may delay the Social Security Administration’s annual cost-of-living adjustment announcement.
  • Chicago Fed President Austan Goolsbee said the central bank will turn to alternate indicators, including hiring and layoffs measures and a nowcast of unemployment, if official data are unavailable.
  • Many private releases such as ADP, S&P Global PMIs, ISM surveys, MBA mortgage data, and certain Fed reports will continue, while government-sourced series like jobless claims, trade, retail sales, construction spending, and housing starts will be paused.