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Justin Wolfers Sounds Alarm On November Jobs Report: Shutdown Has Left Economic Data In 'Deep Fog' - SPDR S&P 500 (ARCA:SPY)
Benzinga· 2025-12-16 14:07
As fresh labor market numbers for November are set to hit the headlines, top economist Justin Wolfers is urging the public to read the data with extreme caution.Shutdown’s ‘Echo Effect’Wolfers warns that the recent government shutdown has created a statistical “deep fog” that is likely artificially inflating November's unemployment rate, making the economy look worse than it actually is.According to Wolfers, the root of the problem is the cancellation of the October survey during the government shutdown. Th ...