President Donald Trump was briefed Thursday night about the monthly employment report issued Friday morning in Washington and signaled in advance that the numbers were going to be favorable, breaking with past practice of presidents who avoided disclosure of market-sensitive information.
"Looking forward to seeing the employment numbers at 8:30 this morning", Trump tweeted this morning about an hour before 8:30 EST.
Larry Summer, former director of the National Economic Council, lamented how former President Bill Clinton and Barack Obama would have been in hot water had they commented on unreleased figures.
The May jobs report showed the USA economy added 223,000 jobs compared with an average monthly gain of 191,000 over the prior 12 months, and that the unemployment rate edged down to an 18-year low of 3.8 percent. "I don't he gave anything away incidentally".
The breach of precedent is just the latest in a string of instances in which Trump has broken with normal presidential practice. Presidents usually hold off on controversial clemency decisions until their terms are almost over. Indeed, U.S. stock futures took the hint, pointing to a higher market open on Friday.
Meanwhile, the revisions for the two previous months - March and April - were fairly modest, and pointed to a combined gain of 15,000 jobs as compared to previous BLS reports. And the unemployment rate dropped to 3.8%, the lowest rate since the late 1960s.
Theresa May told 'time is running out' by top European Union business leaders
But a Downing Street source hit back: "The PM recognised the necessity of providing certainty for businesses". Correction: An earlier model of this text incorrectly said the variety of months to go till Brexit .
Josh Wright, a former Federal Reserve staffer who is now the chief economist at the recruiting-software firm iCims, called the tweet "a significant violation of prior norms, at the least".
"It doesn't look good", said Mark Hamrick, Bankrate.com's senior economic analyst.
"We are looking at ways to bring temporary immigrants with temporary visas legally into the United States in a number of industries", Kudlow told CNBC in an interview, adding he did not want to say more that would "get ahead of the curve".
Spicer later apologized and said while he understood the goal of the rule, his tweet didn't impact markets because the data had already been released.