White House Econ Advisor Hassett has said: We will see 60,000 job losses from the shutdown

White House economic adviser Kevin Hassett said Thursday that the government will still publish the October employment report, but it will be incomplete because the weeks-long federal shutdown prevented the household survey from being conducted.

“We’ll only get half of the report,” Hassett told Fox News’ America’s Newsroom. “We’ll have the payroll numbers, but not the unemployment rate, and that’s just for this month. We probably will never know with certainty what October’s jobless rate actually was.”

The 43-day shutdown — the longest in U.S. history — halted data collection, processing, and publication across key agencies, including the Labor Department’s Bureau of Labor Statistics and the Commerce Department’s Census Bureau and Bureau of Economic Analysis.

Normally, the jobs report is built from two data sources: the household survey, which produces the unemployment rate, and the establishment survey, which generates the nonfarm payroll figure. Both surveys are conducted during the week containing the 12th day of the month, but economists had already questioned whether the household-survey portion could be released because field interviewers were unable to gather responses during the shutdown.

Speaking separately to reporters, Hassett said the Council of Economic Advisers estimated that the shutdown cost the U.S. economy roughly $15 billion per week, an impact he said would subtract about 1.0 to 1.5 percentage points from annualized fourth-quarter GDP growth. He added that approximately 60,000 non-federal workers likely lost their jobs due to the shutdown’s spillover effects — an estimate that aligns with projections from the Congressional Budget Office.