Goldman Sachs: U.S. October Jobs Data Likely Early Next Week if Shutdown Ends

Goldman Sachs economists said that the release of key U.S. economic data has been delayed due to the ongoing federal government shutdown, but the October jobs report could be released as early as next week if the government reopens in time.According to PANews, Goldman analysts noted that both September and October federal data releases have faced disruptions. The U.S. Bureau of Labor Statistics (BLS) is preparing to release the October employment report soon after the shutdown ends, potentially in the first half of next week.Other Economic Reports Face DelaysWhile the jobs report may be prioritized, other major data releases — including the November employment report and inflation data (CPI) — could be delayed by at least one week due to the ongoing logistical backlog.The delays have increased uncertainty for financial markets and policymakers, who rely on timely macroeconomic data to assess the strength of the U.S. economy and guide monetary policy decisions.Market ContextThe delays come amid heightened market sensitivity following the Senate’s approval of a temporary funding bill extending government funding through January 30.Analysts say that while the bill temporarily averts a government shutdown, the data gap may complicate the Federal Reserve’s assessment of economic trends ahead of the next policy meeting.