Shutdown Creates Jobs Data Blackout—But Wall Street Says Employment Numbers Are Grim

Consumers feel “pressure from both the prospect of higher inflation as well as the risk of weaker labor markets.” Forbes 10/9/2025 Joanne Hsu, Surveys of Consumers, Survey Research Center

Because of the government shutdown, there is no federal jobs report, but there are still estimates of a declining labor market.

Joanne Hsu said Americans have become increasingly worried about the outlook for their incomes and personal finances, adding consumers feel “pressure from both the prospect of higher inflation as well as the risk of weaker labor markets.”