Banks Acquire Key Payroll Data Amid Reporting Delays

Reported about 2 months ago

On Wednesday, while a government delay held back the release of crucial jobs data, at least three banks managed to obtain those payroll numbers directly, causing frustration on Wall Street. The Bureau of Labor Statistics delayed posting revisions to payroll figures, which were later found to show a significant downward revision of 818,000 jobs over the past 12 months, sparking a trading frenzy once the numbers were released. This incident further highlights concerns about the integrity of economic data releases and the fairness of information access in the markets.

Source: YAHOO

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