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2 Oct 2013
Flash: Non-Farm Payrolls cancelled - Investec
Jonathan Pryor, Corporate Treasury Analyst at Investec notes that this Friday’s NFP’s have been cancelled.
Key Quotes
“The US Bureau of Labor Statistics confirmed it will not collect or issue economic data during the government shutdown which means the pivotal Non-Farm Payrolls data that were due to be delivered on Friday will be suspended.”
“The implication of this could be significant because if the shutdown runs into a second week, the US data releases will not provide a complete picture of the health of the US economy and thus cause further uncertainty around tapering at the end of the year.”
Key Quotes
“The US Bureau of Labor Statistics confirmed it will not collect or issue economic data during the government shutdown which means the pivotal Non-Farm Payrolls data that were due to be delivered on Friday will be suspended.”
“The implication of this could be significant because if the shutdown runs into a second week, the US data releases will not provide a complete picture of the health of the US economy and thus cause further uncertainty around tapering at the end of the year.”