Goldman Sachs: Assuming the US government shutdown ends this week, the October employment report is expected to be released early next week.
Jinse Finance reported that Goldman Sachs economists Elsie Peng and Ronnie Walker stated in a report: "The U.S. federal government shutdown has delayed the release of almost all federal economic data for September and October. Although the government shutdown appears to be coming to an end, statistical agencies will need time to process the backlog of data." Goldman Sachs expects that, assuming the U.S. government reopens before the end of this week, the U.S. Bureau of Labor Statistics will release the latest October employment data early next week (Tuesday or Wednesday), but aside from that, the release of other major data is expected to be delayed. Goldman Sachs noted that this means the November employment report and inflation report may be "delayed by at least a week."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trending news
MoreAIM ImmunoTech Inc. recently announced that it will extend the exercise period for shareholder subscription rights in its previously announced stock offering plan.
IPG Photonics is facing a critical ruling that will directly impact the sales of its AMB series laser products in seven member states of the Unified Patent Court (UPC).
