Federal Government Recalls Workers to Produce Key Inflation Report

[Zorro]

Some employees to return despite shutdown because the report is needed to calculate cost-of-living adjustments for Social Security beneficiaries

The federal agency that produces much of the nation’s economic data will bring some furloughed employees back to work so it can publish a key inflation report for September, an administration official said.

The decision to recall some workers despite the government shutdown will allow the government to calculate Social Security payments, which are tied to inflation data.

Bureau of Labor Statistics staff will “promptly resume work” on the September consumer-price index, the official said. The index, which calculates prices of various goods, was originally scheduled to publish on Oct. 15. It is unclear when the report will be published, though the official suggested sometime this month.

Like other key economic indicators, the inflation report was expected to be delayed because nearly all employees of the Bureau of Labor Statistics are furloughed during the shutdown.

https://www.wsj.com/politics/policy/federal-government-recalls-workers-to-produce-key-inflation-report-5bb2a231?st=N2YmPM&reflink=desktopwebshare_permalink

[newdeal2]

1. Expect 0% inflation and zero COLA

That would make Trump very happy.

[dweller]

2. But

Will they pay them ?
Will the decision to pay them hinge upon the statistics ?

🤔





✌🏻

[odins folly]

3. Expect unbelievable BS

Why go through the motions of bringing back people, unpaid when you’re gonna lie about it anyway……

[Wiz Imp]

5. Which is why the numbers should be legit.

If they just wanted numbers they liked, they don't need to bring anyone back. Career BLS employees called back to work will NOT manipulate the data. I can guarantee you that.

[applegrove]

4. I wonder how much a low US dollar would affect tariffs?

The prices of everything imported will go up because of a low dollar, so that means inflation could be doubly bad. No wonder gold is doing so well now.