Private Firms Fill Gap as US Government Shutdown Halts Economic Data Release
TL;DR
During the government shutdown, businesses and policymakers turned to alternative private sector data sources like restaurant reservations, hotel occupancy, and job listings to gauge the economy, highlighting the importance of the official data from the Bureau of Labor Statistics, which remains the gold standard for economic measurement despite the availability of various unconventional indicators.
Topics:businesseconomy#alternative-data#bureau-of-labor-statistics#economic-indicators#economic-measurement#economy#government-shutdown
- How to measure the economy when the government isn't doing it Axios
- ‘Right up against it’: Economic data blackout leaves Wall Street in the dark Politico
- Can the Rally Continue? Goldman Sachs
- The government isn’t releasing economic data. Private firms are stepping in. The Washington Post
- US government shutdown: How it affects key economic data publishing Reuters
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