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Saturday, October 19, 2013

Data Check: Should you add inventory or build capacity?

One side effect of the government shutdown is a delay in data collection and release. If you're in business, you either track directly data such as that below, or rely on those who do. So this is what the impact looks like for this month... The Bureau of Labor Statistics (www.bls.gov) has not indicated whether some of next month's releases will be delayed as they play catch-up with collecting, verifying and analyzing data.

If you're on edge about whether or not to go ahead with a project, or to increase inventory levels, well, you might wait until you have more information. Since many others will be doing the same, this will exert a modest (but likely measurable) drag on the economy. (If a project is clearly good, as many are, then this sort of informational black hole won't affect your decision. Hopefully you don't find projects that are clearly bad landing on your desk.)

Note that the sequester affects BLS, too – if you want quality and not just timeliness, well, doing the research and improving collection takes money. Special surveys in particular are costly. That's most important if you're affected by new sectors of the economy, because that's where BLS has to redesign or at least extend their data collection.

Updated Schedule of BLS News Releases
Release Reference Period Previously Scheduled Release Date Revised Release Date
Metropolitan Area Employment and Unemployment

August 2013 Wednesday, October 02, 2013 Monday, October 21, 2013
Employment Situation

September 2013 Friday, October 04, 2013 Tuesday, October 22, 2013
U.S. Import and Export Price Indexes

September 2013 Thursday, October 10, 2013 Wednesday, October 23, 2013
Job Openings and Labor Turnover Survey

August 2013 Tuesday, October 08, 2013 Thursday, October 24, 2013
Producer Price Index

September 2013 Friday, October 11, 2013 Tuesday, October 29, 2013
Consumer Price Index

September 2013 Wednesday, October 16, 2013 Wednesday, October 30, 2013
Real Earnings

September 2013 Wednesday, October 16, 2013 Wednesday, October 30, 2013
Employment Situation

October 2013 Friday, November 01, 2013 Friday, November 08, 2013
Employment Cost Index

Third Quarter 2013 Thursday, October 31, 2013 Tuesday, November 19, 2013
Usual Weekly Earnings of Wage and Salary Workers

Third Quarter 2013 Friday, October 18, 2013 Being planned
Regional and State Employment and Unemployment

September 2013 Tuesday, October 22, 2013 Being planned
Occupational Injuries and Illnesses

2012 Annual Thursday, October 24, 2013 Being planned
Metropolitan Area Employment and Unemployment

September 2013 Wednesday, October 30, 2013 Being planned
Productivity and Costs (Prelim)

Third Quarter 2013 Wednesday, November 06, 2013 Being planned
Nonfatal Occupational Injuries & Illnesses Requiring Days Away From Work

2012 Annual Thursday, November 07, 2013 Being planned
Job Openings and Labor Turnover Survey

September 2013 Friday, November 08, 2013 Being planned
U.S. Import and Export Price Indexes

October 2013 Wednesday, November 13, 2013 Being planned
Producer Price Index

October 2013 Thursday, November 14, 2013 Being planned
Consumer Price Index

October 2013 Friday, November 15, 2013 Being planned
Real Earnings

October 2013 Friday, November 15, 2013 Being planned
Business Employment Dynamics

First Quarter 2013 Tuesday, November 19, 2013 Being planned
Regional and State Employment and Unemployment

October 2013 Tuesday, November 19, 2013 Being planned
Metropolitan Area Employment and Unemployment

October 2013 Wednesday, November 27, 2013 Being planned
Producer Price Index

November 2013 Friday, December 13, 2013 Being planned