Trump appears to comment on jobs report before its official release

Posted June 03, 2018

Friday's tweet, however, was the first time he's ever spoken about the job's report before it was released.

"Looking forward to seeing the employment numbers at 8:30 this morning", he tweeted.

That is because the jobs report is viewed as one of the most important indicators of the USA economy and often moves markets. "What is important is not just that the numbers are independent, but that they're perceived to be independent".

Back in 2002, when Trump was still just a businessman, the Securities and Exchange Commission forced his casino company to sign a cease and desist agreement after an investigation showed it had used "fraudulent" reporting tactics and doctored accounting in its public earnings statements.

The Department of Labor reported at 8:30 a.m. that unemployment in the USA had dropped to its lowest level since 1969 as the economy added a higher-than-expected 223,000 jobs in May. "I think this is all according to routine, law and custom", Mr. Kudlow said on CNBC. The Trump administration has violated that several times, including a post in March 2017 by then-White House press secretary Sean Spicer.

"If this is a guy who is so excited by the number he can't stay away from the keyboard at 7:21 [in the morning], of course one wonders if he's ever been equally indiscreet with friends", says Wolfers. "Except for members of the staff of the agency issuing the principal economic indicator who have been designated by the agency head to provide technical explanations of the data, employees of the executive branch shall not comment publicly on the data until at least one hour after the official release time".

Trump and his administration have run afoul of the rule before, but only after the data was released. Officials aren't supposed to comment on the figures until at least an hour after the data has been released.

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Her haul of 23 Grand Slam singles crowns beats Steffi Graf's total by one, and is just one shy of Margaret Court's record 24. The suit is, however, not only fun but also functional. "I was terrified, and it was a whole new kind of fear".

The objective of the rule should be self-evident.

Martha Gimbel, director of economic research at Indeed, the job-listing site, said some of the fastest-growing search terms on the site this year are "full-time" and "9-to-5 jobs", evidence that many people want more work hours. USA stocks jumped in early trading.

During the 2016 campaign, when Trump, the Republican presidential nominee, and Hillary Clinton, the Democratic nominee, both became eligible to receive classified briefings, some intelligence officials also expressed reservations about sharing sensitive information with Trump. It's because of this that the rule was adopted in the first place.

Journalists get an early look at the report the morning of its release in a special room at the Labor Department with no internet or cellphone access to prevent any news coming out before the official release time. Only a select few officials, including the labor secretary, the head of the president's Council of Economic Advisers, the treasury secretary and the Fed chairman, are told prior to its release for fear that a leak could give some investors an unfair advantage. All of these people, including the President are governed by the same rule.

Senior White House economic adviser Larry Kudlow speaks to reporters at the White House in Washington, Friday, June 1, 2018.

That's why the BLS draws a tight circle around those eligible to get jobs data before it is released to the public.

The strong employment report also hinted at a labor market squeeze that could leave employers struggling to find qualified workers, slowing job growth and lifting wages.

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