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“While challenging in the short term, even the longest shutdowns rarely alter long-term economic trends, and GDP (gross domestic product) impact is usually temporary,” said Clint Dishman, senior vice president and director of strategic investment advisors at BOK Financial.
A host of government and private economic reports are due this week with the shutdown. Here's what to look for.
Critical information on U.S. inflation and unemployment for October might disappear in a data “black hole,” economists worry, and they could be right: White House officials say some key economic figures may be lost forever.
After Leavitt’s briefing, the White House clarified that September’s jobs report, for which data was collected before the government shut down, would be released once the stoppage ended. However, October’s jobs report, originally scheduled to be released last week, may not be.
The US government has reopened following its longest-ever shutdown, setting the stage for the eventual release of the gold-standard federal data that is crucial in analyzing the health and trajectory of the nation’s economy.
A new analysis reveals the US economy is experiencing uneven growth patterns, with nearly half of all states either at risk of recession or already experiencing economic downturns.
The October jobs and inflation reports may never be released due to the government shutdown, White House press secretary Karoline Leavitt said Wednesday. As Bloomberg writes, the Bureau of Labor Statistics has halted operations,
Shares in Europe and Asia have retreated following a broad decline on Wall Street spurred by selling of Big Tech shares.
The University of North Texas’ research shows direct, positive economic impacts on regions with established TODs.