800,000 US government employees face potential pay cuts due to the government shutdown, and Friday's non-farm payroll report is likely to be delayed.

PANews reported on October 1st, according to Jinshi, that the US federal government officially shut down at 12:01 AM Eastern Time on Wednesday, after Democrats and Republicans failed to reach an agreement on a short-term spending plan. The shutdown comes at a sensitive time for the US labor market: job growth stagnated throughout the summer. Due to the government data center's staff layoff, the September non-farm payroll report, originally scheduled for release this Friday, is likely to be delayed, depriving economists and investors of this crucial benchmark.

Share to:

Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
5 hour ago
5 hour ago
14 hour ago
15 hour ago
16 hour ago
17 hour ago

Popular Articles

Industry News
Market Trends
Curated Readings

Curated Series

App内阅读