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Banks Obtained Crucial Jobs Data While Report Was Delayed.
- 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