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BLS Data Halts, But Chicago Fed Sees Steady 4.34% Unemployment: Private Sources Flag 'Low Fire, Low Hire' Holiday Risk - SPDR S&P 500 (ARCA:SPY)
Benzinga· 2025-10-03 07:59
As the U.S. government shutdown suspends Bureau of Labor Statistics (BLS) data releases, including the critical September jobs report scheduled for Friday, the Chicago Fed has stepped in with a final real-time forecast, predicting a steady unemployment rate of 4.34% for September 2025, based on 11 job market indicators.However, private data sources paint a concerning picture, signaling a “low fire, low hire, low gear” labor market with weak holiday hiring plans that could impact payrolls through year-end.Ch ...