From the New York Times:
… The Bureau of Labor Statistics, which produces the monthly jobs data, will “suspend all operations” if Congress and the president fail to reach a deal to extend funding for the federal government before a Tuesday midnight deadline, according to a contingency plan released by the Department of Labor. Data releases scheduled during a government shutdown “will not be released,” and data collection for future reports will cease, the memo said. …
So, why does this matter for Social Security? The annual Cost of Living Adjustment (COLA) for Social Security would ordinarily be announced soon after the BLS report due this week. That will have to be delayed. We have until December for this, so there’s time. However, future COLAs could become unreliable due to the gap in BLS data collection. Is it even possible for them to ever catch up? Their staffing levels have also been cut. I don’t think BLS was affected like this in prior government shutdowns.
