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.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.

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.

2025/10/01 15:15
Okuma süresi: 1 dk
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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.

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