A leading economist is warning that job creation in the U.S. economy is slowing to a crawl as the ongoing government shutdown precluded the release of the September jobs report last week.
Moody's Analytics chief economist Mark Zandi wrote Sunday in a post on X noting that the shutdown forestalled the release of the September jobs report from the Bureau of Labor Statistics (BLS) as scheduled on Friday, which caused data watchers to focus on private data reports in the absence of the BLS' data.
"While not a replacement, there are good private sources of jobs data," Zandi wrote and noted Revelio Labs develops a report estimating job growth using professional networking sites like LinkedIn as a reference point. "The data show that employment increased by 60k in September, almost en