Goldman Sachs: U.S. Jobs Data Could Be Released Next Week If Shutdown Ends

Goldman Sachs economists expect a delayed release of critical U.S. economic data due to the ongoing federal government shutdown. However, they predict the October jobs report could be published as early as next week if the shutdown ends in time. According to PANews, both September and October employment data releases have been impacted by the delay. The U.S. Bureau of Labor Statistics (BLS) is anticipated to release the October employment report after the shutdown concludes, potentially within the first half of next week. Other crucial economic reports like November’s employment report and inflation data (CPI) could face delays of up to one week due to logistical challenges arising from the shutdown. This delay creates uncertainty for financial markets and policymakers who rely on timely macroeconomic information to assess the U.S. economy and guide monetary policy decisions. The situation arises amidst heightened market sentiment following the Senate’s approval of a temporary funding bill extending government funding through January 30, providing temporary relief from a potential shutdown.