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Fortune

Jim Edwards

Trump may have dropped a clue on social media that the jobs number won't be good

Donald Trump ADP Jerome Powell US Federal Reserve Inflation Pantheon United States

Donald Trump (Credit: Andrew Harnik/Getty Images)

The non-farm payroll jobs number is due out this morning. The consensus estimate is +110,000 but some analysts think the damage from President Trump’s tariff regime may finally be starting to show up in the hard data, and the number may come in lower. Trump—who got an advance look at the jobs number last night—raged against U.S. Federal Reserve Chairman Jerome Powell on social media. Was that a clue that the president wants blame to land at the Fed and not the White House?

Investors will be looking at the U.S. federal government’s official jobs number, due out this morning, to gauge whether the Trump administration is helping or hurting the economy.

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