Stellar Jobs Report Caps Month of Blockbuster Growth

04 June, 2018, 07:57 | Author: Natasha Holloway
  • Trump flouts federal rule with tweet touting job numbers

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.

Bethesda announces Fallout 76… with plans to reveal more at E3 2018
The event will be livestreamed so those that aren't able to attend in person will be able to catch the highlights as they happen. UPDATE 3: Gamestop.ie has a release date of December 31st, 2018 for Fallout 76 , though this may just be a placeholder.

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.

Recommended:

  • Capitals enforcer Tom Wilson gets punched in face during Stanley Cup finals

    Capitals enforcer Tom Wilson gets punched in face during Stanley Cup finals

    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.
    Roseanne firing: Was it really ‘one bad tweet’?

    Roseanne firing: Was it really ‘one bad tweet’?

    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".
    Spain’s Carvajal still hoping to play at World Cup

    Spain’s Carvajal still hoping to play at World Cup

    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.
  • Stormy's lawyer ends bid for role in Cohen case

    Stormy's lawyer ends bid for role in Cohen case

    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.
    Trump hits closest allies with steel, aluminum tariffs

    Trump hits closest allies with steel, aluminum tariffs

    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.
    National Doughnut Day Is Friday: Here's Where to Get a Free One

    National Doughnut Day Is Friday: Here's Where to Get a Free One

    At Honey Dew Donuts today, you can have a taste of summer with a free S'more doughnut with the purchase of any medium drink. Meanwhile, at Papa John's you can get free donut holes if you purchase two pizzas online with the promo code DONUT.
  • Warriors fans gave J.R. Smith a free-throw line 'MVP' chant

    Warriors fans gave J.R. Smith a free-throw line 'MVP' chant

    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.
    Serie A Outfit Ready To Sign Aston Villa Loanee On Permanent Deal

    Serie A Outfit Ready To Sign Aston Villa Loanee On Permanent Deal

    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.
    U.S.  levies steel, aluminum tariffs on allies, risks trade war

    U.S. levies steel, aluminum tariffs on allies, risks trade war

    Stocks in the U.S. fell as the administration ignored the pleas from business lobbying groups including the U.S. Finally, talks to revise the North American Free Trade Agreement remain unresolved.
  • Trump confirms NKorean official headed to NY

    Trump confirms NKorean official headed to NY

    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.
    Japan navy spots suspected China ship subsequent to NKorea tanker

    Japan navy spots suspected China ship subsequent to NKorea tanker

    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.
    New Jersey police release bodycam footage of violent beach arrest

    New Jersey police release bodycam footage of violent beach arrest

    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.


Popular

Teens Cut Use of Facebook For Snapchat, YouTube, and Instagram
Hispanic teens also reported higher levels of internet usage, with 54% saying they use the internet on a near-constant basis. Despite all this social media use, teens couldn't agree on what impact - if any - social media had on their lives.

Shahid Afridi replaces injured Eoin Morgan as captain of World XI
England , now number one in the ODI world rankings, defeated Australia 4-1 in a five-match series held in Australia in January.

Off-tone Melania Trump tweet sparks serious concern for her welfare
The White House announced four days later that she had been admitted to a hospital to treat a benign kidney condition . One particularly popular conspiracy theory started by Politico alleged that she left Washington D.C. and went to NY .

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.

Newcomer wins National Spelling Bee after 4-time participant botches 'Bewusstseinslage'
Nemmani won the title during the finals, consisting of 16 spellers, the largest group ever included in the final broadcast round. That's a record number of spellers for the prime-time finals, and it could mean a late-night finish to a longer-than-usual week.

Serena Williams Won Her First Grand Slam Match After Giving Birth
Azarenka also has a child and says that coming back from pregnancy is different from coming back from a tennis injury. So how much more hard is it for a mother than a father to play top level tennis? "I feel like a warrior princess".

Prominent Russian journalist who criticised Kremlin shot dead in Kiev
Tweet reads: Arkady Babchenko is alive! Olechka, I am terribly sorry, but there were no other options. Russian officials also criticized Ukraine for failing to provide adequate protection to journalists.

Weinstein turns himself in holding 2 entertainment bios
Evans tells The New Yorker that she's pressing charges. "It was always my fault for not stopping him", she said. The public allegations against Weinstein helped prompt a broad public reckoning about sexual misconduct.

Roseanne says she was 'Ambien tweeting' when racist comment was made
She also reposted tweets by many supporters, including one message that strongly criticized ABC executive Channing Dungey . Barr took to Twitter overnight to apologize again and say that she sent out her racist tweet after taking a sedative.