This week: Jobs report better late than never


October’s report will also be impacted by the shutdown, because data collection efforts fell behind schedule. That report will be released Nov. 8, a week later than originally scheduled.

Other delayed economic data will begin to emerge this week, as federal agencies get back up to speed.

On Capitol Hill, lawmakers are adopting a lighter pace after the massive fiscal fight, with the Senate recessing for the week while the House returns Tuesday.

The full House is slated to vote on just one major bill next week: the Water Resources Development Act, which reauthorizes Army Corps of Engineer port projects.

The bill aims to streamline port infrastructure projects in order to boost trade. The only major difference with a Senate’s version of the bill is said to be the House wants greater congressional say over projects. 

The House Financial Services Committee has a pair of subcommittee hearings lined up as Republicans look to put together some legislation.

Both on Thursday, the first will look to build on the enactment of the Jumpstart Our Business Startups (JOBS) Act passed by the last Congress, which eased regulations on smaller businesses looking to build capital.

The second hearing will explore ways to modify the Consumer Financial Protection Bureau, an agency the GOP has long sought to overhaul since its creation as part of the Dodd-Frank financial reform law.

A Small Business subcommittee will cast its own gaze on the regulatory landscape Thursday.

In particular, the panel will discuss with industry representatives how the ramp-up in regulations from Dodd-Frank and elsewhere may pose challenges to smaller financial institutions.

On the regulatory front, the Federal Reserve is set Thursday to propose new liquidity rules required by the international Basel accord.

U.S. regulators have already unveiled capital rules intended to apply with Basel, and the Fed will add new rules aimed at ensuring banks can access needed funds during tough times as well.