The latest sign of potential trouble came in the Labor Department’s most recent jobs data. While filings for unemployment benefits fell to a five-week low, initial filings by federal employees jumped to 10,454 on an unadjusted basis in the week ended Jan. 5, double the level in the week ended Dec. 29 and 10 times the amount reported in the week ended Dec. 22.
“Every day, I believe, investors begin to get a little more insight into the implications of a partial shutdown,” said Kristina Hooper, the chief global market strategist at Invesco Ltd. “We could see it show up in diminished air travel and a whole host of other areas that may not have even been considered just a few weeks ago as potential victims of the shutdown.”
This article was provided by Bloomberg News.