Trump tweets about jobs report ahead of release

Trump tweets about jobs report ahead of release

"Looking forward to seeing the employment numbers at 8:30 this morning", Trump tweeted at 7:21 a.m.

In the span of time between when Trump posted his tweet and when the jobs report was released, USA treasury yields shot up.

It is not required for the president to see the jobs report number in advance.

Friday morning's report was indeed positive: US employers added 223,000 jobs in May, and the unemployment rate slipped to an 18-year-low of 3.8%.

Former White House Press Secretary Sean SpicerSean Michael SpicerTrump bragged to Obama about size of his rallies in meeting after Election Day: book NYT corrects crowd size estimate at Nashville rally after Trump criticism Spicer: Kim gets "everything he wants" by sitting down with Trump MORE also broke the rule in March of that year by tweeting praise for the February jobs report, Trump's first as president.

"It's classified information", Goolsbee added.

An estimated 223,000 new jobs were created last month, even better than the 190,000 new jobs projected in recent days by economic analysts. "No one revealed the numbers to the public".

Larry Kudlow, the director of the president's National Economic Council, confirmed in an interview Friday on CNBC that he had told Trump on Thursday what would be in the jobs report, but that he didn't think the tweet violated the rule because it did not include any numbers or details.

"He chose to tweet, his tweet basically said like everybody else we await the job numbers". "You can read into that 10 different things if you want to read into it".

Trump's decision to seemingly pimp out the job numbers before they were officially released is controversial because it could result in traders taking advantage on positive data that is exclusive to the executive branch.

The answer to this question is clearly that we can not be sure that this hasn't or wouldn't happen thanks to the fact that this President has already violated almost every other norm that applied in the past. "But secondly, and fundamentally, its really important that government statistics are perceived as being nonpartisan, nonpolitical data".

Former officials from the Obama, Bush and Clinton administrations said Trump's tweet violated the directive.

Many on Wall Street questioned the appropriateness of the president tweeting market-moving news. "He jumped over it". Asked if he'll share it with Trump ahead of time again, Kudlow responded, "I have no idea".

Looking forward to seeing the employment numbers at 8:30 this morning.

Trump and his administration have run afoul of the rule before, but only after the data was released. In past administrations, that task was often performed by the CEA chairman, who is seen as less political.

Trump, like all presidents, got briefed on the jobs figures Thursday evening.

Gold extended its declines, while bond yields moved higher after Trump's tweet.

"We're concerned that these actions are actually not conducive to helping our economy, they actually are destructive, and that is consistently held across the six countries that expressed their point of view to Secretary Mnuchin", Canadian Finance Minister Bill Morneau said at a news conference after the meeting ended in the Canadian mountain resort town of Whistler, British Columbia.

That comment was made, however, shortly after lunch, hours before the White House would have received the jobs data.

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