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U.S. Shutdown Would Delay Key Economic Indicators

Missing ‘gold standard’ economic data will test alternatives for the Fed and others who rely on government numbers.

By Augusta Saraiva | September 28, 2023 at 01:52 PM
Photo: The U.S. Capitol in Washington, D.C., on September 26, 2023. The U.S. Capitol in Washington, D.C., on September 26, 2023.

The imminent U.S. government shutdown, which threatens to delay the publication of key economic data, will test policymakers’ and investors’ trust in a range of less-regarded third-party indicators.

Without critical figures like the Labor Department’s monthly employment report and a key inflation gauge from the Commerce Department, data from private-sector sources will take the spotlight. New trackers of job openings and economic activity have emerged in recent years, and well-established ones have reinvented themselves to better answer ongoing questions in the economy.

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