White House official: Some key U.S. economic data from October may be permanently lost.
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TL;DR
White House officials confirm some key U.S. economic data for October may be permanently lost due to the government shutdown. The unemployment rate won't be released for the first time in 77 years, but job creation estimates will still be calculated.
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U.S. economic datagovernment shutdownunemployment ratejob creation estimatesCPI
According to Mars Finance, on November 14th, economists worried that key information about inflation and unemployment in the US in October might be lost in a data "black hole," and they were right: White House officials stated that some key economic data may be permanently lost. Hassett, one of President Trump's chief economic advisors, said in an interview on Thursday that the October unemployment rate would not be released due to the longest government shutdown in history, marking the first time in 77 years that this data has failed to be released. However, Hassett stated that the October job creation estimates would still be calculated—the exact opposite of what White House Press Secretary Levitt claimed a day earlier that the jobs report might not be released at all. It remains unclear whether the October Consumer Price Index (CPI) will be released. Levitt had hinted that the CPI report might not be released, but Hassett did not comment on this. (Jinshi)