Trump embroiled in controversy over early release of unpublished jobs data

Source
JH Kim

Summary

  • It reported that U.S. President Donald Trump stirred controversy after posting private-sector job gains on social media 12 hours before the official release.
  • It said the figure was part of the December employment report that the U.S. Labor Department was set to release officially the following morning.
  • It stated that the incident has prompted continued questions about market fairness and equal access to information amid concerns over a premature leak of a sensitive economic indicator.

Forecast Trend Report by Period

Loading IndicatorLoading Indicator
Photo=Shutterstock
Photo=Shutterstock

U.S. President Donald Trump is facing controversy after posting unpublished employment figures on social media ahead of the official release.

According to Walter Bloomberg, a breaking-news economic feed, on the 9th (local time) President Trump posted a chart on his social media platform Truth Social that said private-sector job gains totaled 654,000. The figure was part of the U.S. Labor Department’s December employment report, which was scheduled for official release the following morning—about 12 hours later than Trump’s post.

The White House has not issued an official statement regarding the post. It is, however, widely known that the president typically receives advance briefings on major economic indicators one day before their official publication.

The episode has fueled debate over a potential leak of sensitive economic data, with continued questions being raised about market fairness and equal access to information.

JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
hot_people_entry_banner in news detail bottom articleshot_people_entry_banner in news detail mobile bottom articles
What did you think of the article you just read?




PiCK News

Coupang steps up review of ‘stablecoins’… could it save hundreds of billions of won in fees?

1 hours ago
Coupang steps up review of ‘stablecoins’… could it save hundreds of billions of won in fees?

FSS: “11 million virtual asset users”... to strengthen market surveillance and internal controls

2 hours ago
FSS: “11 million virtual asset users”... to strengthen market surveillance and internal controls

20% cap on digital-asset exchange stakes?… “Final decision to be made at tomorrow’s ruling party-government talks”

2 hours ago
20% cap on digital-asset exchange stakes?… “Final decision to be made at tomorrow’s ruling party-government talks”

FSC holds first virtual asset panel meeting of the year… government draft of Digital Asset Framework Act taking shape

4 hours ago
FSC holds first virtual asset panel meeting of the year… government draft of Digital Asset Framework Act taking shape

FSS to push to restore trust in the digital-asset market… tighter internal controls and stronger exchange surveillance

5 hours ago
FSS to push to restore trust in the digital-asset market… tighter internal controls and stronger exchange surveillance

Trending News