- A closer look at April’s jobs data suggests it may be more of a testament to the resilience of the U.S. economy than a ringing endorsement of President Donald Trump’s economic plan. Still, equity markets breathed a sigh of relief as recession fears eased, which could give the administration more leverage in upcoming trade negotiations.
Tariff uncertainty didn’t prevent Friday’s widely anticipated jobs report from storming past Wall Street’s gloomy expectations, and President Donald Trump is looking to claim victory. Stephen Miran, the president’s top economic advisor, went on Bloomberg Television to celebrate Trump’s “second jobs beat in a row” after the economy added 177,000 jobs in April, well above the 135,000 payroll additions markets had expected.
