Home International News Trump consultant says October jobs report back to skip unemployment price
International News

Trump consultant says October jobs report back to skip unemployment price

Share
Trump consultant says October jobs report back to skip unemployment price
Share
Trump consultant says October jobs report back to skip unemployment price

October Jobs Report to Skip Unemployment Rate: Trump Advisor Kevin Hassett Explains Shutdown Impact

Published: November 13, 2025 | Updated insights on US jobs report, government shutdown effects, and economic data reliability.

Introduction

The upcoming October jobs report from the US Bureau of Labor Statistics (BLS) will provide an incomplete picture of the labor market, lacking the critical unemployment rate. This revelation comes directly from Kevin Hassett, director of the White House National Economic Council and a key advisor to President Donald Trump. Speaking on November 13, 2025, Hassett explained that a prolonged government shutdown disrupted essential data collection surveys, forcing the omission of this vital metric.

Why it matters for SEO and searches: As Americans search for “October jobs report unemployment rate” or “government shutdown jobs data impact,” understanding these gaps is essential for grasping the true state of the US economy in late 2025. This article breaks down the facts pedagogically, explaining how jobs reports work and what the shutdown means for economic transparency.

Analysis

Understanding the US Jobs Report Structure

The monthly jobs report, officially the Employment Situation Summary, is a cornerstone of US economic data released by the BLS. It includes nonfarm payroll employment changes, average hourly earnings, labor force participation, and the unemployment rate. The unemployment rate is derived from the Current Population Survey (CPS), a household survey conducted by the Census Bureau involving about 60,000 households monthly.

In a typical cycle, the CPS data collection occurs throughout the month, with processing finalized post-month-end. However, the 43-day government shutdown—the longest in US history—halted federal operations, furloughing over 2 million employees and suspending surveys like the CPS.

Government Shutdown’s Direct Impact on Data

The shutdown, ending late on November 12, 2025, after President Trump signed a reopening bill, prevented completion of October’s CPS fieldwork. Hassett confirmed: “We’ll get kind of part a jobs report. We won’t ever know what the unemployment rate was in October.” This partial release will cover payroll data from the Current Employment Statistics (CES) survey but exclude household-based metrics.

See also  Riot police separate warring parties and loyalists of Serbia's president as tensions jump amid protests

Broader ripple effects include delays in consumer price index (CPI) for inflation and retail sales reports, both reliant on BLS and Census Bureau operations. These indicators are pivotal for Federal Reserve decisions and investor confidence.

Economic Context and Political Framing

Hassett also addressed purchasing power challenges, noting a $3,400 decline under former President Joe Biden’s administration contrasted with a $1,200 gain since Trump’s January 2025 return. While verifiable through BLS real wage data, he acknowledged public frustration amid rising costs, pledging immediate action. Treasury Secretary Scott Bessent echoed this, hinting at measures to lower prices on essentials like coffee and fruit amid tariff discussions.

Summary

In summary, the October 2025 jobs report will skip the unemployment rate due to the government shutdown’s disruption of the CPS survey. Kevin Hassett’s statements highlight data incompleteness affecting jobs data, inflation metrics, and retail sales. This event underscores vulnerabilities in US economic reporting during fiscal disruptions, with the administration focusing on restoring affordability and confidence. Full September data is slated for next week, offering a baseline comparison.

Key Points

  1. Partial October Jobs Report: Nonfarm payrolls included; unemployment rate omitted due to unfinished CPS survey.
  2. Shutdown Duration: Record 43 days, ending November 12, 2025.
  3. Key Speaker: Kevin Hassett, White House National Economic Council Director.
  4. Additional Delays: CPI inflation and retail sales data postponed.
  5. Purchasing Power Trends: -$3,400 under Biden; +$1,200 under Trump (real terms, per BLS).
  6. Future Outlook: September jobs report next week; affordability measures incoming.

Practical Advice

How Investors and Job Seekers Can Navigate Incomplete Data

For those tracking “US jobs report October 2025” or unemployment trends, rely on proxy indicators like initial jobless claims from the Department of Labor (weekly releases) and ADP private payrolls for preliminary insights. Historical BLS adjustments post-shutdowns often revise data upward as surveys resume—monitor the Establishment Survey for payroll gains.

See also  US to remove warnings from menopause hormone treatment

Personal Finance Tips Amid Data Uncertainty

With cost-of-living concerns highlighted by recent elections in New York City, New Jersey, and Virginia, budget for essentials using tools like BLS CPI calculators. Diversify investments beyond headline jobs numbers; focus on sector-specific data from the CES survey. Job seekers should prioritize platforms unaffected by federal delays, such as Indeed or LinkedIn analytics.

Pedagogical tip: Always cross-reference BLS releases with Federal Reserve statements for context on interest rates and growth forecasts.

Points of Caution

Risks of Relying on Partial Economic Data

Incomplete jobs reports can mislead markets; past shutdowns in 2018-2019 led to volatile stock reactions before revisions. Avoid overreacting to payroll figures alone—without unemployment rate, labor force participation and underemployment gaps remain hidden.

Public Policy and Voter Sentiment Warnings

Hassett’s frustration acknowledgment signals political risks; affordability drove recent electoral shifts. Caution against partisan spins on purchasing power—verify via BLS real median weekly earnings series (series CES0500000003).

Broader caution: Shutdowns erode trust in government data, potentially delaying Fed policy responses to inflation or recession signals.

Comparison

October 2025 vs. Past Shutdown Impacts

This 43-day shutdown exceeds the 35-day 2018-2019 event, which delayed January 2019 data by weeks, resulting in +304,000 revised payrolls. Unlike 2013’s 16-day shutdown (affecting October 2013 report), 2025’s length halted full-month surveys, mirroring COVID-19 disruptions in 2020 when BLS imputed data.

Trump vs. Prior Administrations

Under Trump 1.0 (2017-2021), pre-COVID jobs reports averaged 176,000 monthly gains with 3.5% unemployment. Biden era (2021-2025) saw peaks at 6.3% unemployment dropping to 4.1%. Current partial data complicates direct “October jobs report comparison,” but September’s full release will benchmark progress.

See also  Gaza: Civil defence company says a minimum of 50 killed in Israeli moves
Event Duration Data Impact Revision Size
2013 Shutdown 16 days October report delayed Minimal
2018-2019 35 days January data imputed +49,000 avg.
2025 43 days October unemployment skipped TBD

Legal Implications

No direct legal violations arise from the shutdown’s data omissions, as BLS operates under statutory authority (29 U.S.C. § 1 et seq.) allowing adjustments for disruptions. Congress funds surveys via appropriations; shutdowns trigger furloughs per the Antideficiency Act (31 U.S.C. § 1341). Post-reopening, data imputation follows BLS protocols, ensuring compliance without litigation risks. Political accountability rests with voters, not courts.

Conclusion

The omission of the unemployment rate from the October jobs report exemplifies how government shutdowns compromise economic transparency, as articulated by Trump advisor Kevin Hassett. While partial data offers payroll insights, it leaves critical gaps in understanding US labor market health amid affordability pressures. As September data arrives and affordability initiatives unfold, stakeholders must approach “October 2025 economy updates” with caution and context. This event reinforces the need for stable funding to protect indispensable economic indicators.

FAQ

What is the October jobs report missing?

The unemployment rate and related household survey metrics due to the government shutdown halting the CPS.

Why did the shutdown affect jobs data?

Furloughs prevented survey collection; the 43-day duration exceeded processing buffers.

Will the unemployment rate be released later?

BLS may impute or revise in future reports, but October’s figure is irretrievable without full surveys.

How does this impact the stock market?

Partial reports often cause initial volatility; focus on payrolls and await revisions.

What about purchasing power claims by Hassett?

Based on BLS real earnings data: declines under Biden, gains post-Trump 2025 inauguration.

Share

Leave a comment

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Commentaires
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x