October Indicators: Workers are Losing Out
Structural imbalances, not immigrants, are what keeps working people from seeing their fair share of economic gains.
Typically, the Bureau of Labor Statistics (BLS) releases its monthly jobs report the first Friday of the month, providing the latest figures on unemployment and job growth.
However, due to the government shutdown, these numbers are on hold, leaving policymakers, businesses, and the public without critical insight into the state of the labor market.
- Without reliable data, the risk of misjudging the state of the economy rises.
- Making it harder for decision makers to respond effectively and increasing the likelihood of costly errors.
Beyond delaying key economic data, the shutdown directly affects hundreds of thousands of federal employees, many of whom are furloughed or working without pay for the duration of the shutdown, creating real economic strain for government workers.
The BLS is being threatened by the current administration.
Author's summary: Workers are losing out due to structural imbalances, not immigrants.
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