Moody’s Chief Economist Says Not Having BLS Data Is ‘A Serious Problem,’ But Cites Private Data To Warn That Job Market Is ‘Sputtering’ Rishabh Mishra Markets

Moody’s Analytics Chief Economist Mark Zandi declared the U.S. job market is “weak and getting weaker,” delivering his warning after piecing together an analysis from private-sector data.

The assessment comes as the official September jobs report from the Bureau of Labor Statistics (BLS) remains unreleased due to the federal government shutdown, creating what Zandi calls a “serious problem” for economic policymakers.

Not Having Economic Data Is A ‘Serious Problem’

In a series of posts on X, formerly Twitter, Zandi underscored the gravity of the data blackout. “There is no more important economic data, particularly now, when the job market is sputtering and the Federal Reserve is a few weeks from another meeting,” he wrote.

The lack of an official benchmark complicates the Fed’s ability to make informed decisions on interest rates. Zandi stated bluntly, “The bottom line is that not having the BLS jobs data is a serious problem for assessing the health of the economy …

Full story available on Benzinga.com

Moody’s Analytics Chief Economist Mark Zandi declared the U.S. job market is “weak and getting weaker,” delivering his warning after piecing together an analysis from private-sector data.

The assessment comes as the official September jobs report from the Bureau of Labor Statistics (BLS) remains unreleased due to the federal government shutdown, creating what Zandi calls a “serious problem” for economic policymakers.

Not Having Economic Data Is A ‘Serious Problem’

In a series of posts on X, formerly Twitter, Zandi underscored the gravity of the data blackout. “There is no more important economic data, particularly now, when the job market is sputtering and the Federal Reserve is a few weeks from another meeting,” he wrote.

The lack of an official benchmark complicates the Fed’s ability to make informed decisions on interest rates. Zandi stated bluntly, “The bottom line is that not having the BLS jobs data is a serious problem for assessing the health of the economy …

Full story available on Benzinga.com

 Moody’s Analytics Chief Economist Mark Zandi declared the U.S. job market is “weak and getting weaker,” delivering his warning after piecing together an analysis from private-sector data.
The assessment comes as the official September jobs report from the Bureau of Labor Statistics (BLS) remains unreleased due to the federal government shutdown, creating what Zandi calls a “serious problem” for economic policymakers.
Not Having Economic Data Is A ‘Serious Problem’
In a series of posts on X, formerly Twitter, Zandi underscored the gravity of the data blackout. “There is no more important economic data, particularly now, when the job market is sputtering and the Federal Reserve is a few weeks from another meeting,” he wrote.
The lack of an official benchmark complicates the Fed’s ability to make informed decisions on interest rates. Zandi stated bluntly, “The bottom line is that not having the BLS jobs data is a serious problem for assessing the health of the economy …Full story available on Benzinga.com   Read MoreEquities, Macro Economic Events, News, QQQ, SPY, Futures, Econ #s, Economics, Markets, SPY, US78462F1030, QQQ, US73935A1043, News, Equities, Macro Economic Events, Futures, Econ #s, Economics, Markets, Benzinga Markets