Trump appears to comment on jobs report before its official release

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President Donald Trump on Friday broke with decades of protocol and commented publicly about the highly anticipated jobs report data 69 minutes before they were released by the Bureau of Labor Statistics.

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.

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

The director of the White House National Economic Council, Larry Kudlow, briefed Trump on the data on Thursday.

The jobs report episode follows 16 months of a presidency in which Trump has cast aside traditions with such frequency that practices long considered taboo are now routine, even as critics say Trump is gambling with some of the nation's most sensitive information.

Within seconds of Trump's post, the US dollar strengthened and Treasury yields rose, as investors anticipated the strong report they thought Trump had foreshadowed.

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"If he was sending a message that it was a good number, when there is not a good number, we will now know it because he won't tweet", said Kaltbaum. Trump has made the roaring stock market a centerpiece of his administration and re-election campaign, though Wall Street has faced recent uncertainty due to the administration's saber-rattling over tariffs.

Trump's apparent indication that a strong jobs report was on the way could have had a profound effect on the domestic and global markets.

"We are looking at ways to bring temporary immigrants with temporary visas legally into the U.S.in a number of industries", Mr Kudlow told newsmen.

Investors welcomed the report.

Former chairman for President Obama's Council of Economic Advisers Jason Furman disagreed. They said we don't make things in America anymore, because the Chinese will do it at slave labor rates.

The jobs report is the most significant economic data the government releases each month, with data on the state of the labor market, including wages and the unemployment rate.

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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.

Friday's report, which showed job growth that exceeded analyst forecasts and solid wage gains, caused the yield on the 10-year Treasury bond and the Dow Jones industrial average to jump after its formal release.

"You should have gotten the employment numbers from the Council of Economic Advisers yesterday".

President Dwight Eisenhower leaked jobs reports ahead of time, just before Election Day in 1954, 1956 and 1958, wrote Nutting. "I don't he gave anything away incidentally".

"Why not?" Kudlow said.

White House officials did not immediately respond to a request for comment about Trump's tweet.

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But former Obama White House press secretary Jay Carney took it a step further, saying that the same would be true under both Bush administrations:Ari Fleischer, former White House press secretary to President George W. Bush, seemed to concur.

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