The federal fiscal year ends on Tuesday, and if there is no deal for more funding, then much of the government’s vast bureaucracy will shut down right after midnight on Wednesday .
Critical functions like the military will continue, but a shutdown that lasts longer than a few days would affect the monthly jobs report, which is due on Friday and is produced by the Bureau of Labor Statistics.
A Labor Department contingency plan obtained by Bloomberg shows all data collections and scheduled releases would cease. BLS didn’t immediately respond to a request for comment.
Up-to-date employment data has become extra crucial to investors and the Federal Reserve, especially after policymakers resumed rate cuts earlier this month on signs that the labor market is weakening.
But the continued