U.S. markets closed
  • S&P 500

    4,411.79
    +44.31 (+1.01%)
     
  • Dow 30

    35,061.55
    +238.20 (+0.68%)
     
  • Nasdaq

    14,836.99
    +152.39 (+1.04%)
     
  • Russell 2000

    2,209.65
    +10.17 (+0.46%)
     
  • Crude Oil

    72.04
    +0.13 (+0.18%)
     
  • Gold

    1,801.90
    -3.50 (-0.19%)
     
  • Silver

    25.25
    -0.13 (-0.50%)
     
  • EUR/USD

    1.1779
    +0.0006 (+0.05%)
     
  • 10-Yr Bond

    1.2860
    +0.0210 (+1.66%)
     
  • GBP/USD

    1.3751
    -0.0016 (-0.12%)
     
  • USD/JPY

    110.5390
    +0.4240 (+0.39%)
     
  • BTC-USD

    32,452.04
    +130.38 (+0.40%)
     
  • CMC Crypto 200

    784.87
    -8.86 (-1.12%)
     
  • FTSE 100

    7,027.58
    +59.28 (+0.85%)
     
  • Nikkei 225

    27,548.00
    +159.80 (+0.58%)
     

The White House may have broken a rule when it tweeted about the jobs report

·Correspondent
White House spokesman Sean Spicer. (Photo: Carlos Barria/Reuters)
White House spokesman Sean Spicer. (Photo: Carlos Barria/Reuters)

White House Press Secretary Sean Spicer may have Tweeted too soon about the new monthly jobs report on Friday.

In President Donald J. Trump’s first full month of office, the U.S. economy added 235,000 new jobs, surpassing economists’ estimates of 200,000, according to the BLS report released at 8:30 a.m. ET.

“Not a bad way to start day 50 of this Administration,” White House Press Secretary Sean Spicer tweeted at 8:57 a.m. ET.

As the New York Times pointed out, he may have violated a little-known federal rule from 1985 that prohibits White House officials from commenting on such reports for at least one hour.

“All employees of the Executive Branch who receive pre release distribution of information and data estimates as authorized above are responsible for assuring that there is no release prior to the official release time. Except for members of the staff of the agency issuing the principal economic indicator who have been designated by the agency head to provide technical explanations of the data, employees of the Executive Branch shall not comment publicly on the data until at least one hour after the official release time,” the rule states (emphasis ours).

The Bureau of Labor Statistics’ monthly employment report is one of the most important economic data releases of each month that Wall Street follows.

Jason Furman, the former chairman of President Obama’s Council of Economic Advisers, tweeted that it’s “not the biggest issue.”

This content is not available due to your privacy preferences.
Update your settings here to see it.

Spicer wasn’t the only Executive Branch employee to comment. Vice President Mike Pence and Chief of Staff Reince Priebus Tweeted shortly after 9 a.m. ET.

This content is not available due to your privacy preferences.
Update your settings here to see it.
This content is not available due to your privacy preferences.
Update your settings here to see it.

Minutes after the report, Trump retweeted a Drudge Report tweet that declared “GREAT AGAIN +235,000,” a reference to his “Make America Great Again” mantra.


Julia La Roche is a finance reporter at Yahoo Finance. Follow her on Twitter.

Read more: