Banks Obtained Crucial Jobs Data While Report Was Delayed.

Several banks, including Mizuho Financial Group, BNP Paribas, and Nomura Holdings, were able to obtain key payroll numbers directly from the Bureau of Labor Statistics (BLS) while the rest of Wall Street experienced a half-hour delay. This delay caused confusion and frustration among traders. When the data was finally released, it showed a significant downward revision to the job numbers, leading to initial market jumps and speculation about interest rate cuts by the Federal Reserve. This incident is the latest in a series of mishaps involving the release of Labor Department data, raising questions about the department's practices. [Extracted from the article]