The Department of Labor Statistics did not release its current employment statistic (CES) on time yesterday, enabling some market players to get the news ahead of the market.
“We are aware there was a delay to the CES preliminary benchmark announcement,” wrote the Labour Department on twitter. “We are looking into the reason for the delay. We have no additional information to share regarding the delay at this time.”
This allowed Nomura Holdings, Mizuho Financial Group and BNP to obtain the information before it was made public by calling directly to the Department of Labour.
The numbers which were finally released 30 minutes late showed a significant downward revision of of the non-farm payroll data for the twelve months from March 2023 to march 2024, by 818,000 jobs.
“They have a couple of words for this, and those words are market and manipulation” wrote one angry pundit on X.
By Staff
