Bloomberg News

Senator Collins Asks Labor Department for Probe

May 17, 2012

Maine Senator Susan Collins, the top Republican on the Homeland Security and Governmental Affairs Committee, asked the Labor Department to probe what she called unusual trading activity prior to a report on employment in April.

“The sudden and negative movement in the currency and futures markets suggests the possibility that some traders may have gained unauthorized access to April’s disappointing report prior to its official release,” Collins said in a letter to Secretary of Labor Hilda Solis.

The Labor Department’s May 4 report showed that employers in the U.S. added 115,000 workers to payrolls, the fewest in six months and less than forecast by economists.

To contact the reporter on this story: Meera Louis in Washington at mlouis1@bloomberg.net

To contact the editor responsible for this story: Christopher Wellisz at cwellisz@bloomberg.net


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