How Will A Government Shutdown Impact The Labor Market?

Government Shutdown Impact - If a potential government shutdown is resolved by mid-November, no impact on fourth quarter growth is expected [1] - Historically, furloughed workers receive back pay when the government reopens, but there will be real costs to people who receive services from these workers [3] - Government shutdowns often have knock-on costs, affecting national parks, concessions, and purveyors [4] Labor Market - The administration does not have additional legal authority to fire federal workers during a shutdown [2] - Previous firings of hundreds of thousands of federal workers are anticipated to negatively impact the labor market in future reports [2] Healthcare & Economic Impact - Obamacare exchange premiums are expected to rise by hundreds of dollars for families across the country, starting November 1st [5] - Healthcare has been a significant source of job growth, responsible for about half of the jobs created this year, and cuts in this sector will have real economic repercussions [5][6] - Democrats are insisting that Republicans negotiate on solving a looming healthcare crisis [4]