Barron's reports BLS will not release January jobs report on Friday due to the partial US Government shutdown; December JOLTS (due 3rd Feb) has also been postponed
Newsquawk Staff ·
Barron's reports BLS will not release January jobs report on Friday due to the partial US Government shutdown; December JOLTS (due 3rd Feb) has also been postponed.
What it means
The postponement of the January jobs report and December JOLTS data due to the government shutdown creates uncertainty in labor market assessments. This could hamper market participants' ability to gauge employment trends and may influence Fed policy outlook as they rely on such data for economic assessments. Traders should watch for increased volatility and potential risk-off sentiment in markets as this news unfolds.
Sources
- Brussels is demanding that the UK be bound by European restrictions on Chinese EVs and that ministers imposetariffs of up to 35% on Chinese-made EVs as the price of allowing British car firms equal access to EU markets, reports The Times
- US Senate Commerce Committee to hold November 10th confirmation hearing for FCC Commissioner nominee Thumann
- The US DoJ is ramping up a criminal investigation into the Alaska US Senate race, issuing more than 100 subpoenas and at least 20 target letters to Democrats, reports ABC citing sources
- Swedish parliament rejects Centre Party leader’s candidacy for PM
- UK's Unite Union says the Apache offshore workers are escalating their strike action on various offshore platforms with a 24-hour period of strikes
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