CEDAR RAPIDS, Iowa — The monthly jobs report that includes the unemployment rate was expected to come out on Friday, but due to the government shutdown it didn’t.
Now, this has multiple implications including the decisions the Federal Reserve makes on interest rates. Just last month, it trimmed the rates by a quarter of a point. Now, it will have to find a way to balance the inflation rate, interest rates and unemployment.
Peter Orazem is an economics professor and the head of the department at Iowa State University. He says this report would have played a part in their decision making process…