Scott Horsley
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For the second month in a row, the Labor Department's report on employment and unemployment has been held up by the government shutdown.
The department number crunchers who ordinarily assemble that report are on furlough.
along with hundreds of thousands of other federal workers.
The shutdown's also straining already shorthanded air traffic controllers.
Airline stocks are dragging as the FAA ordered airlines to scale back flight schedules by up to 10 percent at major airports.
Tesla shares opened lower after investors approved a mammoth pay package for Elon Musk.
The CEO could receive up to a trillion dollars worth of Tesla stock over the next decade.
Scott Horsley, NPR News, Washington.
All the major stock indexes fell during the day, with the S&P 500 sliding 1.1 percent and the tech-heavy Nasdaq dropping almost 2 percent.
Investors are nervous that the run-up in technology stocks fueled by the artificial intelligence boom could turn out to be overdone.
Ordinarily, investors would have been looking for a report from the Labor Department this week on the job market, but that's been held up by the government shutdown.
That's giving extra attention to other measures to the labor market, including a report from outplacement firm Challenger Grain Christmas, which showed it was the worst October for layoff notices in more than two decades.
Scott Horsley, NPR News, Washington.
It was the worst October for layoff announcements in more than two decades.
That's according to a monthly tally kept by Challenger Gray and Christmas, which helps companies manage job cuts.
employers announced plans to cut more than 150,000 jobs in October.
Tech companies and warehousing firms saw some of the biggest downsizing.
Reports like Challenger's are getting extra scrutiny these days because official government reports on the job market have been suspended by the federal shutdown.
Tesla investors are voting today on a proposed pay package that could reward CEO Elon Musk with up to a trillion dollars in stock.