NEW YORK (NewsNation) — The ripple effects of the government shutdown have hit Wall Street. The Labor Department will not release the September jobs report Friday morning as scheduled.
The shutdown has also halted data collection for October, leaving investors and monetary policymakers without one of the most closely watched indicators of the U.S. economy.
The report's absence comes at a pivotal time for the Federal Reserve, which meets later this month to decide whether to again cut interest rates.
32K private sector jobs lost in September: ADP
Officials with the Fed have stated they may rely on alternative data sources and survey business contacts to gauge the health of the labor market in the meantime.
One such indicator, the ADP private payroll report released Wednesday, showed th