According to analysts, the figures increased the likelihood of a June interest rate hike by the USA central bank, the Federal Reserve.
Unemployment dropped to 3.8 percent, the lowest level since 1969, while the economy added 223,000 jobs, beating expectations by more than 17 percent, according to Goldman Sachs.
President Donald Trump may have given gold and interest-rate traders a clear heads-up on the solid May jobs report, judging from market moves after his early tweet. Ari Fleischer, who served as press secretary to President George W. Bush, said of Trumps post: "This certainly was a no-no. And I think this is all according to routine, law and custom", Kudlow told CNBC.
US President Donald Trump talks to the media after meeting with North Korea's envoy Kim Yong Chol at the White House in Washington, US, June 1, 2018.
Unemployment figures for May again shattered multiple records as hundreds of thousands of Americans found jobs in the growing market.
Back in 2002, when Trump was still just a businessman, the Securities and Exchange Commission forced his casino company to sign a cease and desist agreement after an investigation showed it had used "fraudulent" reporting tactics and doctored accounting in its public earnings statements. The terms of the rule are so stringent that reporters who cover the Labor Department and other agencies responsible for the release of this data are kept in a room where they are allowed to have advance access to the data so that they can prepare their reporting in advance but from which they are unable to communicate with the outside world. A federal rule from 1985 prohibits any federal worker from commenting on the jobs report for at least one hour after its release, though the Trump administration has breached that standard a few times by commenting less than an hour after the release.
Does the OMB restriction apply to the president?
USA justification of steel tariffs is 'grotesque' - German steel body
But one Canada-watcher in Washington stressed there was no need for Canada to take Thursday's decision personally. Malmstrom said that specific retaliatory measures would be submitted to the World Trade Organization by June 20.
"They're treated like state secrets", Alan Krueger, former chairman of the Council of Economic Advisers in the Obama administration, said in an interview with Bloomberg Radio before the employment report came out. Is yours on the list?
Rising U.S. wages could drive more Americans into the labor market, Kudlow said. He suggested that Trump "should never get" an advance briefing on future reports, a comment that drew tweets of criticism from Trump supporters. "It's up to them to brief the POTUS if he wants it, and we should assume he has been".
Viewing the tweet as unusual, Hunsader retweeted it.
Kudlow defended Trump's tweet, saying it "didn't give any numbers".
Many on Wall Street questioned the appropriateness of the president tweeting market-moving news.
"It doesn't look good", said Mark Hamrick, Bankrate.com's senior economic analyst.
MUFG's bond trading team "knew this was a huge heads-up", added Rupkey.
EU, Canada And Mexico Threaten Tariffs To Retaliate Against U.S.
That's how the European Commission's president Jean-Claude Juncker reacted to US steel and aluminum tariffs on the EU. Commerce Secretary Wilbur Ross is leaving Friday for Beijing for talks aimed at preventing a trade war with China.
Kudlow said steel and aluminum tariffs on USA allies "may go on for a while" or "they may not", because the matter is subject to negotiation. After Trump's tweet, the two-year Treasury yield climbed one basis point, while the dollar stayed flat.
Trump has celebrated strong jobs reports in the past, after they were issued.
Spicer said at the time that his understanding of the rule was that it was created to avoid affecting the stock market and noted that he was only tweeting the headline numbers that news organizations around the world already had reported.
The incident marked the second time that Trump may have strayed beyond the boundaries set by the Office of Management and Budget directive.
Looking forward to seeing the employment numbers at 8:30 this morning. "It's possible, I don't deny that", Larry Kudlow, the White House economics chief, told Fox News yesterday. Their ranks have fallen by almost one-third in the past year.
The May jobs report was in fact a good one for a president who likes to brag about the strong jobs market.
Ukraine admits faking death of anti-Kremlin journalist
On Tuesday, Russian journalist Arkady Babchenko , an outspoken critic of Vladimir Putin , was reportedly shot and killed in Kiev. He left Russian Federation for Prague in February 2017 after receiving threats, and moved to Ukraine in August with his family.