Friday, February 1, 2019

Government Shutdown? What Government Shutdown? -- February 1, 2019

From Yahoo!Finance:
However, the BLS said in a statement, “There were no discernible impacts of the partial federal government shutdown on the estimates of employment, hours and earnings from the establishment survey.”
This is consistent with trends from other significant government shutdowns: Headline unemployment rates during the 16-day shutdown in 2013 and the three-week-long shutdown from the end of 1995 to early 1996 were not impacted by those respective government shutdowns. The most recent shutdown lasted 35 days.
I was unaware that shutdowns had been going on that long -- all the way back to 1995? From wiki:
The United States federal government shutdowns of 1995 and 1995–96 were the result of conflicts between Democratic President Bill Clinton and the Republican Congress over funding for Medicare, education, the environment, and public health in the 1996 federal budget.
Nothing new under the sun, as they say.

No comments:

Post a Comment