Trump tweeted ahead of the jobs report, but did he break the rules?
Share Now on:
It’s been a while since one of President Donald Trump’s tweets made economic news, but today he kind of scooped the rest of the government.
Looking forward to seeing the employment numbers at 8:30 this morning.
— Donald J. Trump (@realDonaldTrump) June 1, 2018
So, 69 minutes before anybody was supposed to know what was in this morning’s jobs report, Trump signaled that it would be good. Now, there’s no law against that, but there is a federal rule dating back to 1985 that says: “All employees of the Executive Branch who receive pre-release distribution of information and data estimates … are responsible for assuring that there is no release prior to the official release time.”
The president is, of course, an employee of the executive branch. He gets jobs data early, usually the day before. So, once again, we have occasion to look at this rule and why it matters to markets. We got Quartz’s Preeti Varathan on the phone to help us do that.
Click the audio player above to hear the full interview.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.