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Banks Obtained Crucial Jobs Data While Report Was Delayed.

Authors :
Popina, Elena
Turner, Matt
Kniazhevich, Natalia
Source :
Bloomberg.com; 8/21/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

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 market volatility. The BLS has faced previous mishaps in data releases, raising questions about their practices. The incident has prompted a review of procedures to prevent similar occurrences in the future. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
179146614