Tariffs and uncertainty were already making the economy hard to read. The loss of government data during the shutdown has made the situation much worse.
Since the shutdown began, the Bureau of Labor Statistics has not been gathering the new data it needs to produce future reports, since its staff is furloughed.
The Bureau of Labor Statistics is calling back some employees to produce the Consumer Price Index for September. That data is needed to calculate the annual cost-of-living adjustment for Social Security beneficiaries.
Employers added only 22,000 jobs in August, and the unemployment rate rose slightly to 4.3 percent. Revised data also showed that employment fell by 13,000 jobs in June, the first net loss since December 2020.