Impact of the US government shutdown on employment data and market outlook
TL;DR
Due to the government shutdown, the US did not release its official jobs report, but private sector data from sources like ADP, Indeed, and Bank of America indicate a sluggish labor market in October, with increased layoffs, decreased job postings, and slow hiring, especially in small businesses and certain industries.
- There's no jobs report. Here's what six recent analyses show instead. Business Insider
- Is the job market getting worse? As the shutdown continues, this is what we know NPR
- US employment report will not be published again as government shutdown drags on Reuters
- EUR/USD, USD/JPY: Shutdown leaves traders hanging on private data for direction FOREX.com
- There’s no jobs report today. Here’s what it might’ve shown. Yahoo Finance
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