US Economic Data for October to Remain Hidden Due to Government Shutdown.
The Trump administration is refusing to release key economic data from October, including inflation and employment figures, citing the prolonged government shutdown as the reason. Press Secretary Karoline Leavitt stated that the Bureau of Labor Statistics (BLS) could not complete its usual surveys during the 40-plus days the government was shuttered, resulting in "permanent impairment" to the statistics.
Leavitt blamed Democrats for their refusal to agree on the administration's budget demands, which she claimed had damaged the federal statistical system. However, lawmakers are criticizing the move as an attempt by Trump to cover up poor economic figures. Representative Shri Thanedar from Michigan wrote on social media, "Americans know the economy is bad... Trump is trying to cover up numbers."
Experts argue that while much of the business-side data can be reconstructed, the household survey relied upon for employment status cannot be done retroactively without risking unreliable results. Challenger, Gray & Christmas reported last week that U.S. employers cut over 150,000 jobs in October.
The administration may still release half the employment report but not the unemployment rate, according to Kevin Hassett of the National Economic Council. This has left many questioning how accurate the remaining data will be, as Hassett stated, "We'll never actually know for sure what the unemployment rate was in October."
Critics of Trump's economic policies say that this move is part of a broader attempt by the administration to conceal its own failed initiatives. The refusal to release key statistics has raised concerns about the credibility of official economic data and how it will impact public policy decisions.
The decision has also sparked criticism from lawmakers on both sides, who are concerned about the lack of transparency in government data. As Representative Jason Crow put it on X, "Trump is wrecking our economy... 153,000 jobs lost last month – the worst October record in over 20 years."
The Trump administration is refusing to release key economic data from October, including inflation and employment figures, citing the prolonged government shutdown as the reason. Press Secretary Karoline Leavitt stated that the Bureau of Labor Statistics (BLS) could not complete its usual surveys during the 40-plus days the government was shuttered, resulting in "permanent impairment" to the statistics.
Leavitt blamed Democrats for their refusal to agree on the administration's budget demands, which she claimed had damaged the federal statistical system. However, lawmakers are criticizing the move as an attempt by Trump to cover up poor economic figures. Representative Shri Thanedar from Michigan wrote on social media, "Americans know the economy is bad... Trump is trying to cover up numbers."
Experts argue that while much of the business-side data can be reconstructed, the household survey relied upon for employment status cannot be done retroactively without risking unreliable results. Challenger, Gray & Christmas reported last week that U.S. employers cut over 150,000 jobs in October.
The administration may still release half the employment report but not the unemployment rate, according to Kevin Hassett of the National Economic Council. This has left many questioning how accurate the remaining data will be, as Hassett stated, "We'll never actually know for sure what the unemployment rate was in October."
Critics of Trump's economic policies say that this move is part of a broader attempt by the administration to conceal its own failed initiatives. The refusal to release key statistics has raised concerns about the credibility of official economic data and how it will impact public policy decisions.
The decision has also sparked criticism from lawmakers on both sides, who are concerned about the lack of transparency in government data. As Representative Jason Crow put it on X, "Trump is wrecking our economy... 153,000 jobs lost last month – the worst October record in over 20 years."