'U.S. Labor Department Acknowledges Mishap In Release Of Jobs Data; Technical Glitch Delayed Payroll Revisions Report, DOL Says; BLS To Put New Safeguards In Place To Ensure Equal Access' - Bloomberg News
Portfolio Pulse from Benzinga Newsdesk
The U.S. Labor Department experienced a technical glitch that delayed the release of key payroll data, leading to some individuals receiving the information before it was publicly available. The Bureau of Labor Statistics will implement new safeguards to ensure equal access to data in the future.
August 28, 2024 | 2:18 pm
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The technical glitch in the release of U.S. payroll data could have caused temporary market volatility, affecting SPY, which tracks the S&P 500. The implementation of new safeguards may stabilize future data releases.
The delay in payroll data release could have led to short-term market volatility, impacting SPY. However, the implementation of new safeguards by the BLS is likely to prevent similar issues in the future, stabilizing data release processes.
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