Key Eco Data in Jeopardy Amid Shutdown
October 3, 2025
467
6
3
1.93%
Search the Record
IndexedEvery word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
Bloomberg Podcasts Episodes Around October 3, 2025
See what was published immediately before and after this episode.
4:00Now PlayingKey Eco Data in Jeopardy Amid Shutdown
YouTube Description
as posted by the channelJennifer Lee, Senior Economist at BMO Capital Markets, discusses the potential for economic pain amid a prolonged shutdown.
Investors don’t need the official government jobs report to see that the labor market has shifted into a lower gear.
Even without the marquee data from the Bureau of Labor Statistics — which won’t be published on Friday due to the government shutdown — a number of private-sector indicators out in recent days pointed to sluggish hiring, limited layoffs, modest pay gains and easing demand for workers in September.
The figures largely align with the low-hire, low-fire conditions seen before the government data went dark. Assuming that holds through the end of the month, it could very well be enough to spur another interest-rate cut from the Federal Reserve — as investors expect.
“We can get an impressionistic sense of what the labor market is doing without the jobs report,” said Michael Feroli, chief US economist at JPMorgan Chase & Co. “With everything we see, I think they can feel OK cutting later this month.”
--------
Watch Bloomberg Radio LIVE on YouTube
Weekdays 7am-6pm ET
Follow us on X
Subscribe to our Podcasts:
Bloomberg Daybreak
Bloomberg Surveillance
Bloomberg Intelligence
Balance of Power
Bloomberg Businessweek
Listen on Apple CarPlay and Android Auto with the Bloomberg Business app:
Apple CarPlay
Android Auto
Visit our YouTube channels:
Bloomberg Podcasts
Bloomberg Television
Bloomberg Originals
Guests & Subjects Covered
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.