Stellar Jobs Report Caps Month of Blockbuster Growth
04 June, 2018, 07:57 | Author: Natasha Holloway
His tweet came in an hour before the jobs report was officially released by the Bureau of Labor Statistics.
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%.
"Looking forward to seeing the employment numbers at 8:30 this morning", he tweeted.
"This could go on for a whole bunch more years, in my judgement", White House economic advisor Larry Kudlow told CNBC.
"And if this tweet is conveying inside information about a particularly good jobs number you should never get them in advance from the Council of Economic Advisers again".
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.
Markets did not appear to react much to the tweet ahead of release time, with just some movement in Treasuries and the dollar - but were delighted afterwards.
"He chose to tweet, his tweet basically said like everybody else we await the job numbers".
Still, some on Wall Street downplayed the ultimate impact of Trump's early allusion to the report.
The strong numbers come as some economists worry that a threatened trade war could damage the United States economy and as investors fret that the news will further pressure the Federal Reserve to speed up the rate at which it increases interest rates.
Industrial production recorded its third straight month of gains, while more than three out of four manufacturers reported hiring more workers and investing more in plants and equipment.
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.
Since then, Trump administration officials have been careful not to violate the directive.
"It's possible. I don't think it has right now", Kudlow continued.
Only schmucks wait until 8:30 a.m.to trade on monthly jobs figures.
President Donald Trump may have given gold and interest-rate traders a clear heads-up on the solid May jobs report, judging from market moves after his early tweet. He told ABC News that the Obama administration "absolutely interpreted [the Labor Department rule] as applying" to the president himself.
Jason Furman, who chaired the Council of Economic Advisers in the Obama administration, said he anxious the decision would introduce instability into markets and appear to politicize statistics.
The former chairman of the council of economic advisers said that Trump broke the law.
President Dwight Eisenhower leaked jobs reports ahead of time, just before Election Day in 1954, 1956 and 1958, wrote Nutting. The tweet certainly suggested that a good number was coming.
Tony Fratto, a former Treasury and White House official in the George W. Bush administration, objected on Twitter to the assertion by former Obama administration economic official Austan Goolsbee that Trump had divulged classified information.
The Golden Knights trailed 3-2 entering the final 20 minutes but couldn't net the equalizer despite a 15 shot barrage. Brayden McNabb , a defenseman for the Vegas Golden Knights , smashed him against the boards with a forceful check.
In a series of tweets on May 31, Roseanne said , "please don't compare me2 other people who have said awful things. She continued on to say she is " so flawed " and thanked her followers for their "loving support".
Egypt will face Uruguay in their opening Group A game on June 15 before facing host nation Russian Federation and Saudi Arabia. Paul Ince has urged Liverpool FC star Mohamed Salah to resist the temptation to move in the 2018 summer transfer window.
The FBI is still working to access two blackberries, as well as going through the contents of a shredding machine, lawyers said. He said this was "very surprising and disturbing to me" as an attorney for Daniels, whose real name is Stephanie Clifford.
French Finance Minister Bruno Le Maire termed the United States tariffs as "unjustified unjustifiable and dangerous". This morning, Mexico announced tariffs on USA goods in retaliation while the European Union promised to do the same.
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Rather than settle in his isolation possessions, Durant looked to make plays when he encountered resistance in the half court. Kevin Love had 22 points and 10 boards for the cold-shooting Cavs, who will now try to gain some momentum back home.
He said: "I'll roll my sleeves up and get stuck into it again". "We'll dust ourselves down next year and try and go one better". It came pretty much against the run of play, with Villa now needing to pick up the pieces and stage a comeback.
Secretary of State Mike Pompeo and would be the highest-level North Korean official to travel to the U.S. since 2000. He was linked by U.S intelligence to a devastating cyber attack on Sony Pictures in 2014.
Trump's letter, the aides said, was created to pressure the North on the global stage for appearing to have cold feet. Activist Kim Young-hwan speaks at a symposium on North Korean human rights in Seoul on May 31, 2018.
Troiano added, "I keep hearing this, you know, 'She's just a woman, she's just a woman.' She's a combatant at that point". Wildwood police have released body camera footage of the controversial arrest on the beach over Memorial Day weekend.
Facebook is shutting down its Trending Topics section
Another feature, called " Today In ", shows people breaking news in their area from local publishers, officials and organizations. It was available only in five countries and accounted for less than 1.5% of clicks to the websites of news publishers.
Damarious Randall: Jersey offer on Twitter was a joke
Randall committed to the wager before his tweet exploded, guaranteeing that he would come through if the bill came due. Randall's tweet picked up steam fast, going from 30 thousand retweets to well over 100k in mere hours.