General Discussion
In reply to the discussion: Personal impact of government shutdown on DU. [View all]Starry Messenger
(32,342 posts)700,000 to 1.2 million jobs are being affected. That's pretty consequential. I've ready estimates that the GDP will also take a hit.
http://www.bloomberg.com/news/2013-09-27/shutdown-would-shave-fourth-quarter-u-s-growth-as-much-as-1-4-.html
"A shutdown of the U.S. government would reduce fourth-quarter economic growth by as much as 1.4 percentage points depending on its length, economists say, as government workers from park rangers to telephone receptionists are furloughed.
Mark Zandi of Moodys Analytics Inc. estimates a three-to-four week shutdown would cut growth by 1.4 points. Zandi projects a 2.5 percent annualized pace of fourth-quarter growth without a shutdown. A two-week shutdown starting Oct. 1 could cut growth by 0.3 percentage point to a 2.3 percent rate, according to St. Louis-based Macroeconomic Advisers LLC."