As the federal government enters day one of a shutdown, roughly 580,000 federal workers are furloughed, and the White House says some could be laid off.
"We are going to have to lay some people off if the shutdown continues," Vice President JD Vance said during a White House press briefing Wednesday.
Agencies that release key economic data will be suspending their reports. Starting Friday, the monthly jobs report won't come out from the Labor Department's Bureau of Labor Statistics. Inflation readings due in mid-October will also be affected.
"The collection of that data is being interrupted as we speak," Bankrate Senior Economic Analyst Mark Hamrick said.
Hamrick says that lack of data can hurt decisionmaking for businesses, households and the Federal Reserve, which meets at the end o