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Labor Department Having “Lockup Tech” Problems, Jobs Report To Be Released On Web

Courtesy of ZeroHedge. View original post here.

Moments ago, Bloomberg blasted that unlike every other payrolls Friday when at 8:30am precisely, news feeds are flooded with headlines breaking down the jobs report, prompting algos to buy or buy stocks, this time that won't happen:

  • LABOR DEPT HAVING LOCKUP TECH PROBLEMS; RELEASE ON WEB AT 8:30

This means that anyone, algos included, who wants to get the jobs number will either have to wait several minutes until others have done the work for them (so roughly 90% of Wall Street analysts) or have to go to the BLS.gov website, scrape it manually and break down the data on their own.

It also means that today's market reaction to the jobs report will likely be a mess.


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