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Trump under fire for tweet about jobs report

Trump appears to comment on jobs report before its official release

Trump supporters say the president's economic plan and hard-bargaining with other countries is paying dividends for US workers.

The president's tweet at 7:21 a.m. read, "Looking forward to seeing the employment numbers at 8:30 this morning", previewing what turned out to be a report that exceeded economists' expectations. The president and other senior members of his administration are privy to the numbers a day before their release, but a Bureau of Economic Analysis rule bars executive-branch employees from commenting until an hour after the numbers are officially made public. Treasury yields shot up in the hour between Trump's tweet and the jobs report's release. The national unemployment rate also dropped - from 3.9% to 3.8%, a new 18-year low, the U.S. Department of Labor said.

The report showed that the U.S.

The latest gains were in retail trade, healthcare and construction, and wage growth - which has been slow since the end of the recession - picked up modestly.

And late a year ago, responding to criticism that he had been silent about the deaths of four U.S. Special Forces members in Niger, the president referred the 2010 death of White House Chief of Staff John Kelly's son in Afghanistan, publicly revealing what Kelly had shared privately with him - that then-President Barack Obama did not call Kelly after his son's death. "Sharing them with the public is destabilizing and inappropriate".

After becoming president, he showed a similar inability to play it straight with valuable information. He has never issued such a Twitter post before.

But it led to an outcry from Democrats and Republicans, particularly veterans of past White House teams, who said the restrictions in place are meant to both prevent the politicization of these reports and leaks of market-moving information.

Commenting on the figures released, Michael Arone of State Street Global Advisors said, "The job numbers are very strong, widespread, or broad-based, that was an indication of strength from the report".

Trump has, on at least one other occasion, publicly revealed the contents of a tightly held government report before its release.

Kudlow said on CNBC.

The directive said part of the intent is to "prevent early access to information that may affect financial and commodity markets, and preserve the distinction between the policy-neutral release of data by statistical agencies and their interpretation by policy officials".

Investors cheered the jobs data.

Dion Rabouin is a markets reporter for Yahoo Finance.

Then there's the fact that a tweet like this from the President can move markets, creating a big potential downside for future reports. "He jumped over it".

Kudlow, who also spoke on Fox Business Network, noted that while the White House was wrestling with Congress over legislation to address immigration long-term, "I think you're going to see some progress" on immigrant employment visas near-term.

Former chairman for President Obama's Council of Economic Advisers Jason Furman told ABC News the Obama administration "absolutely interpreted [the Labor Department rule] as applying" to the president himself.

Trump and his administration have run afoul of the rule before, but only after the data was released. In past administrations, that task was often performed by the CEA chairman, who is seen as less political. A few hours later I'd have briefed President Obama. And it came at the height of the financial crisis, when companies were laying off workers and the stock market was sliding almost every day. The economy added 223,000 jobs in May, even more than economists predicted.

Former Treasury Secretary and NEC director Larry Summers alluded to the curve on which Trump is graded, saying that investigations would be called for any other President.