<div id="readability-page-1">Wells Fargo warned that the federal government shutdown is complicating an already fragile picture for the U.S. labor market. The lack of timely economic data comes as policymakers, investors, and businesses are trying to gauge whether employment conditions can withstand slowing growth. In an investor note, the investment institution pointed out th...</div>

<p>Wells Fargo has expressed concerns about the U.S. labor market, stating it is on a 'knife’s edge' due to the federal government shutdown, which complicates an already fragile situation. The bank noted a gradual increase in the unemployment rate and a decline in labor force participation, alongside a slowdown in hiring. While the labor market is not collapsing, it remains vulnerable to economic shocks. The shutdown's impact on key data releases adds uncertainty for policymakers and investors.</p>

Wells Fargo sees labor market on a 'knife’s edge' amid untimely shutdown