How's the US economy doing? Shutdown makes it harder to say - Associated Press
Associated Press - Sat 12 Jan 09:19 GMT

How's the US economy doing? Shutdown makes it harder to say - Associated Press

WASHINGTON (AP) — The partial shutdown of the U.S. government has begun to make it harder to assess the health of the economy by delaying or distorting key reports on growth, spending and hiring. Government data on home construction and retail sales, for exam…

  WASHINGTON (AP) — The partial shutdown of the U.S. government has begun to make it harder to assess the health of the economy by delaying or distorting key reports on growth, spending and hiring.

  Government data on home construction and retail sales, for example, won’t be released next week because staffers who compile those reports have been furloughed.

  In addition, the next report on the economy’s overall growth, set for Jan. 30, won’t be released if the shutdown remains in effect.

  If all the federal workers eventually receive back pay, as occurred after previous shutdowns, then the January jobs report would later be revised to restore those 380,000 jobs, according to the Labor Department’s Bureau of Labor Statistics.

  That’s because that report requires data on the growth of GDP, the broadest measure of the economy.