Unusual Delay in the Release of US Employment Data - Can You Get the Data Early by Making a Phone Call?
The U.S. Bureau of Labor Statistics was originally scheduled to announce the revised total non-farm employment for March 2024 at 22:00 Beijing time, but the announcement was actually delayed. Before the official update on the website, information about a downward revision of 818,000 jobs had already spread on social media platforms. Financial website Forexlive cited sources saying that someone claimed to have personally called the U.S. Bureau of Labor Statistics, and they provided him with this number over the phone. Although it is suspicious that the U.S. Bureau of Labor Statistics informed about this data over the phone before officially announcing it on their website, the data ultimately matched the official figures. In addition, there are reports that Nomura Securities was the first to call the U.S. Department of Labor for inquiries, obtaining the data 13 minutes ahead of other investment banks, with Goldman Sachs and other banks receiving the data more than 20 minutes before the official website announcement
On August 21st, Jinshi Data reported that the U.S. Bureau of Labor Statistics was originally scheduled to announce the revised total number of non-farm employment for March 2024 at 22:00 Beijing time, but the announcement was actually delayed. Before the official update on the website, information about a downward revision of 818,000 jobs had already spread on social media platforms. Financial website Forexlive cited sources saying that someone claimed to have personally called the U.S. Bureau of Labor Statistics, and they provided him with this number over the phone. Although it is suspicious that the U.S. Bureau of Labor Statistics informed about this data over the phone before officially announcing it on their website, the data ultimately matched the official figures. In addition, there were reports that Nomura Securities was the first to call the U.S. Department of Labor for inquiries, obtaining the data 13 minutes ahead of other investment banks, with Goldman Sachs and other banks receiving the data more than 20 minutes before the official website announcement