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2025-10-28 20:41:05
[Data Blackout: The Fed Faces an Employment "Information Blackout"] (1) US Senator Elizabeth Warren has formally requested that ADP explain the specific reasons for terminating access to proprietary employment data provided to the Federal Reserve. (2) The data blackout occurred following the October 1st government shutdown, which resulted in the suspension of the release of regular economic indicators by federal statistical agencies, including the September employment report. (3) In a letter on Monday, Warren emphasized that the Fed is "flying blind" amidst unprecedented economic uncertainty without federal economic data. (4) The data access suspension follows an August speech by a Federal Reserve governor, who cited real-time ADP data as evidence of labor market weakness. (5) ADP responded that it is actively working with the Federal Reserve to improve its data sharing process and emphasized that the free provision of this data has always been "a public service to all American citizens." (6) The affected data covers approximately 20% of the US private workforce and includes aggregated, anonymized employment data. Warren has demanded that the sharing mechanism be restored immediately.
