US EditionHassett: 'We Will Never Know What the Unemployment Rate Was in October'
The October employment report will include payroll data but omit the unemployment rate due to halted household survey during the 43-day government shutdown, officials said.
- The White House announced that the October jobs report will be released without a reading of the unemployment rate, National Economic Council Director Kevin Hassett said on Thursday, November 13, as federal agencies resumed work after the shutdown ended.
- The government shutdown paused multiple data releases, including the October report originally scheduled for November 7 and figures on consumer inflation and retail sales while workers were furloughed.
- The report rests on two surveys and, while payroll figures for October can still be tabulated, National Economic Council Director Kevin Hassett said the household survey wasn’t conducted, producing `half the employment report` and leaving the unemployment rate unknowable.
- Officials signaled immediate follow-ups as agencies resume work, with Kevin Hassett saying the September jobs report could be released next week amid affordability concerns.
- Because data collection stopped during the shutdown, retroactive reconstruction for October's household data is difficult as statistical agencies slowly resume and BLS may update its release schedule soon amid prior tensions, including the August firing of Erika McEntarfer, former BLS Commissioner.
23 Articles
23 Articles
Better late than never: The delayed September jobs report will be out next week
The Bureau of Labor Statistics says it will report on September's job gains and unemployment rate next week. That's the first of many overdue economic reports held up by the government shutdown.
The map image below is from Bureau of Labor Statistics (BLS) data
In Economics & Investing Media of the Week we feature photos, charts, graphs, video links, or occasional news items of interest to preppers. The map image below, showing Unemployment Rates, By County is from Bureau of Labor Statistics (BLS) data, posted for unrestricted use by the St. Louis Federal Reserve Bank. It is click-expandable. For a detailed and zoomable view, see: https://fred.stlouisfed.org/graph/?m=1wm8j And here is some relate…
White House NEC Director Kevin Hassett Discusses Latest Economic Data
White House National Economic Council Director, Kevin Hassett, made two appearances today to discuss economics and ongoing Trump policy. As noted by Hassett earlier today (bottom video), the October unemployment numbers will be generally unknown when reported because during the shutdown the BLS household survey was not completed. All other data will likely have an […]
No jobs report, no worries—Trump team will ‘concoct something’
Director of the National Economic Council Kevin Hassett appeared on Fox News Thursday, where he defended the Trump administration’s inability to produce an October jobs report. Hassett: The household survey wasn't conducted in October, so we're going...
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