Jennifer Lee, Senior Economist at BMO Capital Markets, discusses her economic outlook as the BLS postpones January jobs data, and her expectations for a Kevin Warsh-led Federal Reserve.
The Bureau of Labor Statistics will not release the January jobs report on Friday as scheduled due to the partial government shutdown.
“The release will be rescheduled upon the resumption of government funding,” Emily Liddel, BLS associate commissioner for publications and special studies, said in a statement. “Due to the partial federal government shutdown, the Bureau of Labor Statistics will suspend data collection, processing, and dissemination.”
Other reports planned for this week, including December’s Job Openings and Labor Turnover Survey and the Metropolitan Area Employment and Unemployment release, will also be rescheduled.
BLS is housed within the Labor Department, which, along with some other government agencies, was only funded through Jan. 30. While the Senate has voted to extend funding, the bill still needs to pass the House of Representatives. House Speaker Mike Johnson said he hopes the House will pass the measure on Tuesday.
In addition to the usual monthly payrolls and unemployment data, the January employment report also includes highly anticipated revisions to annual employment. Those are expected to show that job growth was notably weaker in the year through March 2025 than initially reported.
——–
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/
Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts