The September jobs report will likely be launched on Thursday as the primary information leaks for the reason that shutdown
Job seekers wait for the SacJobs Career job fair in Sacramento, California, USA on Thursday, November 13, 2025.
David Paul Morris | Bloomberg | Getty Images
The first economic data report not released due to the government shutdown will be released next week, the Bureau of Labor Statistics said Friday.
As the U.S. government reopens for business, Wall Street’s attention is now turning to when key data on employment, inflation and other economic markers will be released.
The first such report on September nonfarm payrolls will be released at 8:30 a.m. Thursday, according to an update posted on the BLS website.
A day later, the BLS will release Real Wages, a companion report to the monthly Consumer Price Index, which was not released at the same time in October because average earnings, which are part of the wages and salaries report, were not released. Real earnings are the difference between the monthly CPI value and the average hourly earnings.
In fact, the September CPI was the only official data point released during the shutdown because it played a role in calculating the cost of living adjustment for Social Security benefits.
Economists assume that the so-called “employment situation report” only includes the number of non-agricultural employees and not the unemployment rate.
That’s because the report includes two surveys: a more objective look at “hard data” from companies that use timecards and payroll numbers to assess how many positions have been filled, and another that includes phone calls and written surveys to households asking how many people are working. The latter survey is used to calculate the unemployment rate and would be difficult to reproduce.
The Commerce Department, including the Bureau of Economic Analysis, had not released revised schedules as of Friday morning, but updates are expected soon.
Uncertainty over other releases casts a further shadow over the increasingly contentious political atmosphere at the Federal Reserve – not to mention the nervous climate among investors.
“The lack of timely official numbers sent markets and the Fed into a data fog, forcing them to scour alternative sources to assess the underlying outlook,” Bank of America economist Shruti Mishra said in a note. “With the shutdown resolved, all eyes will now be on the incoming data dump.”
The shutdown not only halted data collection and sharing, but also complicated the picture once the data was released.
For example, the CPI report for October may never be produced, partly due to the data collection method. The Bureau of Labor Statistics uses in-person visits, so the data cannot be collected retroactively. White House press secretary Karoline Leavitt warned about missing data on Wednesday, but Mishra said she hadn’t even expected the CPI report beforehand.
A statement on the BLS website asks for patience during the data collection process because “it may take some time to fully assess the situation and determine revised publication dates.” Similarly, the BEA, which publishes several key data points including the Fed’s inflation gauge, said it is working with the BLS and other agencies on data collection and will “publish updated release dates as they become available.”
Political pressure
Meanwhile, some Democratic lawmakers are already growing impatient and demanding answers from the administration about when the data will be released.
Senators Elizabeth Warren of Massachusetts, Bernie Sanders of Vermont, Maria Cantwell of Washington and Gary Peters of Michigan insisted that “government shutdowns do not fundamentally prevent the federal government from collecting or releasing economic data,” according to a letter obtained by CNBC.com
Citing precedent from the October 2013 shutdown in which the BLS later released release dates, the government could “intentionally limit the release of data.”
“The Trump Administration’s failure to release data or provide a clear timeline for releasing delayed data leaves businesses and policymakers without access to important economic information,” the letter said. “It is critical that businesses, consumers, workers, Congress and the Fed have access to timely and comprehensive economic data. The government must release as much economic data as possible before the Fed meeting and resume normally scheduled data releases as quickly as possible.”
White House officials did not respond to a request for comment.
Waiting for the Fed
Since Leavitt’s statement Wednesday, several officials have said data would be released, but there are still questions about which reports will be released and when. Labor Secretary Lori Chavez-DeRemer said payroll and pricing data must be verified for accuracy before it can be made public.
“I’m not sure when BLS will be able to release that, but I expect they will give us a timeline very quickly as to when those numbers might be released,” Chavez-DeRemer said Friday on Fox Business. Chavez added that the White House is “pushing for the release of accurate data for November.”
Citigroup economist Andrew Hollenhorst said in a note Friday that he is optimistic the Fed will have jobs reports for September, October and November by the next policy meeting on Dec. 9 and 10. Fed officials suggested in September that a December rate cut was likely, but several key officials recently said they had doubts about the need for further easing.
In addition to the payroll and CPI report, the BLS also calculates data on import and export prices, job vacancies, producer prices, productivity and other metrics. The Labor Department itself publishes weekly unemployment claims figures.
Beyond BLS and Labor Department affairs, the Commerce Department also handles several important data points.
These include personal income and personal expenditures, which include the Fed’s main inflation forecasting measure, the personal consumption expenditures price index, and gross domestic product. October PCE data release is scheduled for November 26th. The Census Bureau maintains retail sales, balance of trade, and durable goods disclosures. Ministry officials did not respond to a request for comment.
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