Trump Cheers Jobs Report, Rejects Inflation Fears

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President Donald Trump celebrated Friday's stronger-than-expected jobs report, arguing that robust economic growth should boost markets rather than fuel concerns about inflation.

"With a great Jobs Report, like just announced, stocks should go up, not down. That's the way it was for 200 years," Trump wrote on Truth Social. "Growth does not mean inflation! How else can a Country attain GREATNESS???"

Trump's comments came after the Labor Department reported that U.S. employers added 172,000 jobs in May, extending a streak of solid hiring and signaling continued strength in the labor market.

According to the Bureau of Labor Statistics, nonfarm payrolls increased by 172,000 in May after an upwardly revised gain of 179,000 jobs in April. The figures exceeded many economists' expectations and suggested the economy remains resilient despite uncertainty surrounding global conflicts and inflation pressures.

The report marked another month of healthy job creation after the labor market showed signs of slowing last year. Economists have closely watched employment data for clues about the direction of the economy and the Federal Reserve's next moves on interest rates.

The stronger labor market could give the Fed additional room to keep rates unchanged as policymakers monitor inflation concerns linked to the ongoing war involving Iran and its potential impact on energy prices.

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