Director of the White House National Economic Council: Some of the October data may be permanently lost.
Kevin Hassett, Director of the White House National Economic Council, stated that the record-breaking government shutdown means that some economic data that should have been collected in October may never be recorded, making it difficult to make a comprehensive assessment of the health of the US economy. "From what I understand, some surveys haven't actually been completed, so we may never know what happened that month," Hassett said on Tuesday. "We may have to go through a period of uncertainty before data agencies resume operations." Statistical agencies, including the Bureau of Labor Statistics and the Census Bureau, were unable to collect data during the government shutdown, causing reports that rely on manual data collection methods to be greatly affected. The risk of the US Bureau of Labor Statistics not being able to publish the Consumer Price Index for October is increasing, and economists are also concerned about whether another survey related to unemployment rates can be released.
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