Even if the government reopens, what about all that economic data?
Marketplace Morning Report
Marketplace
4.5 • 927 Ratings
🗓️ 12 November 2025
⏱️ 7 minutes
🧾️ Download transcript
Summary
After 43 days, the government shutdown could end today. But there are still lingering questions: When will food stamps be distributed to beneficiaries? When will government workers receive paychecks? As for all of the economic data we missed while government agencies were closed? It won’t be released immediately once the government reopens — far from it. Then, the shuttering of the IRS' Direct File program and climate talks in Brazil.
Transcript
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| 0:00.0 | After 43 days, the government shutdown could end today, but when do people get paid? |
| 0:08.2 | I'm David Brancaccio in Los Angeles. It remains unclear this morning exactly when SNAP food stamp |
| 0:14.6 | benefits would start flowing again onto EBT cards. As soon as the government reopens after a |
| 0:20.0 | House vote and presidential signature |
| 0:21.7 | payments would be authorized, but not instant in states that haven't managed to keep some |
| 0:26.3 | food stamps coming in the interim. We're also tracking when the paychecks of government workers |
| 0:30.9 | would start landing and the missing economic data. Marketplaces Nancy Marshall-Gensar has that. |
| 0:36.3 | We could get the September jobs report fairly quickly once the government reopens, |
| 0:41.2 | but there's a huge question mark over the October and November employment reports. |
| 0:45.9 | The Bureau of Labor Statistics surveys households and businesses in the week that includes the 12th day of the month for the jobs report. |
| 0:52.9 | That didn't happen in October because the government was shut down, |
| 0:56.3 | and it's not happening so far this week. |
| 0:58.9 | Gregory Daco is chief economist at EY. |
| 1:02.0 | We're likely to get some data over the course of the next few weeks, |
| 1:06.2 | but it's unlikely that we get the actual November employment report before some time in mid to late December. |
| 1:15.1 | The Federal Reserve's next meeting on interest rates is December 9th and 10th. |
| 1:19.7 | And Dowko says we'll only get a partial picture of the October labor market because the federal |
| 1:24.9 | workers who contact households to find out who's working and who's not |
| 1:28.3 | were furloughed. Same thing for the October Consumer Price Index, which relies on federal employees |
| 1:33.9 | who check prices at stores. All these data delays are bad news for the Fed, DACO says. |
| 1:39.1 | Because we know Fed policy makers are highly data dependent, and there have been conflicting signals from |
| 1:45.7 | the economy as to the direction of travel of employment and inflation. |
... |
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