The NPR Politics Podcast How One Consequence Of The Government Shutdown May Mess Up More Than You Think
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Oct 15, 2025 
Scott Horsley, NPR's chief economics correspondent, sheds light on the hidden impacts of a government shutdown on vital economic data collection. He reveals how missing reports on jobs and inflation directly affect social security and household finances. Businesses and the Federal Reserve rely on timely data, and its absence creates uncertainty in decision-making. Horsley also discusses the long-term political consequences of data gaps and how these complications lead to stock market volatility, leaving investors on edge.
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Key Economic Reports Went Missing
- Many major economic reports were delayed by the shutdown, including the September jobs report and the inflation report.
- The Bureau of Labor Statistics recalled a small team to release the inflation report on a delayed schedule to set Social Security COLA.
Plan Using Alternative Indicators
- Policymakers and businesses should prepare for higher uncertainty when official data are missing.
- Use alternative indicators and scenario planning to guide decisions until official reports resume.
Fed Navigation Without Current Data
- The Federal Reserve relies heavily on these government data to balance jobs and inflation.
- Without current data the Fed must decide policy while navigating increased uncertainty.