Lack of data on government shutdown blurs US economy insights

The government has shut down - what's next? Will a government shutdown hurt the economy? From Wall Street trading floors to the United States Federal Reserve to economists sipping coffee in their home offices, the first Friday morning of the month typically brings a quiet hush around 8:30am Eastern time in the US [12:30 GMT] as everyone awaits the Labor Department's crucial monthly jobs report. But with the government shut down, no information was released on Friday about hiring in September. Hiring has ground nearly to a halt, threatening to drag down the broader economy. Yet at the same time, consumers -- particularly higher-income earners -- are still spending, and some businesses are ramping up investments in data centres developing artificial intelligence models.