The US government shutdown may have ended, but its impact on the economy is likely to be felt for a long time. The latest data on employment and inflation is expected to remain under wraps, at least for now.
According to White House press secretary Karoline Leavitt, key economic indicators such as consumer price index (CPI) and jobs reports for October will "likely never" be released due to the shutdown. This move has been widely criticized as an attempt to hide the administration's own failed policies on employment and inflation.
Leavitt claimed that the Democrats were responsible for the prolonged shutdown, which she said had a devastating impact on the federal statistical system. However, this assertion is hard to take seriously given the circumstances. As many experts point out, private-sector data suggests that the job market continued to struggle during the shutdown, with some analysts arguing that it actually worsened in September and October.
The decision by the Trump administration to scrap the monthly jobs report altogether is also noteworthy. While there have been other lengthy government shutdowns before, this move marks a departure from previous administrations' approach to data release. It appears that the White House is trying to conceal evidence of the weak job market and slow economic growth under President Trump's leadership.
Leavitt's claim that private-sector data will be released instead is a bit of a consolation prize for investors and policymakers who are eager to understand the state of the US economy. However, even this information may come too little, too late. As some analysts have noted, the recent job growth numbers reported by the administration are not comparable to those seen during other economic recoveries.
The White House's decision to keep its mouth shut on key economic data is a worrying sign for investors and policymakers who need reliable information to make informed decisions. With inflation concerns on the rise and a slowing job market, it's unlikely that this trend will reverse anytime soon. The administration's reluctance to release this data suggests that there may be more to the story than meets the eye – and it may take some time before we get the full picture.
According to White House press secretary Karoline Leavitt, key economic indicators such as consumer price index (CPI) and jobs reports for October will "likely never" be released due to the shutdown. This move has been widely criticized as an attempt to hide the administration's own failed policies on employment and inflation.
Leavitt claimed that the Democrats were responsible for the prolonged shutdown, which she said had a devastating impact on the federal statistical system. However, this assertion is hard to take seriously given the circumstances. As many experts point out, private-sector data suggests that the job market continued to struggle during the shutdown, with some analysts arguing that it actually worsened in September and October.
The decision by the Trump administration to scrap the monthly jobs report altogether is also noteworthy. While there have been other lengthy government shutdowns before, this move marks a departure from previous administrations' approach to data release. It appears that the White House is trying to conceal evidence of the weak job market and slow economic growth under President Trump's leadership.
Leavitt's claim that private-sector data will be released instead is a bit of a consolation prize for investors and policymakers who are eager to understand the state of the US economy. However, even this information may come too little, too late. As some analysts have noted, the recent job growth numbers reported by the administration are not comparable to those seen during other economic recoveries.
The White House's decision to keep its mouth shut on key economic data is a worrying sign for investors and policymakers who need reliable information to make informed decisions. With inflation concerns on the rise and a slowing job market, it's unlikely that this trend will reverse anytime soon. The administration's reluctance to release this data suggests that there may be more to the story than meets the eye – and it may take some time before we get the full picture.