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Shutdown Stalls Key U.S. Economic Data as CPI Release Moved to Oct. 24

A limited staff recall will assemble inflation figures needed for Social Security cost-of-living adjustments.

Overview

  • The Labor Department postponed the monthly inflation report until Oct. 24, using data gathered before the shutdown.
  • The Bureau of Labor Statistics is recalling some furloughed employees to compile the Consumer Price Index for benefits calculations.
  • The September jobs report and weekly unemployment claims remain delayed after the funding lapse halted regular releases.
  • Federal Reserve Chair Jerome Powell said the central bank is leaning on private sources like ADP and warned missing government data will complicate decisions if the shutdown continues.
  • The September employment report was essentially finished before the closure and could be published quickly once government operations resume.