Key facts
- President Trump responded to inflation concerns driven by a strong jobs report.
- Trump argued that robust growth should be viewed as a positive for markets.
- He stated that strong jobs reports historically lead to stock market increases.
- The Bureau of Labor Statistics released the May jobs report on Friday.
- The May jobs report numbers were significantly higher than experts' projections.
- President Trump traveled to Wisconsin to meet with dairy farmers.
President Trump on Friday pushed back on inflation concerns driven by a strong jobs report, arguing robust growth should be viewed as a positive for markets. "With a great Jobs Report, like just announced, stocks should go up, not down,” Trump wrote on Truth Social. "That's the way it was for 200 years. Growth does... The Trump administration is actively promoting the latest jobs report, framing it as evidence that the president's economic strategies are effective. This statement follows the release of the jobs numbers, which surpassed expert forecasts. CBS News correspondent Nancy Cordes reported on the administration's reaction and its claims regarding the success of its economic policies. The Bureau of Labor Statistics released the May jobs report on Friday, with numbers that were significantly higher than experts' projections. President Trump traveled to Wisconsin to meet with dairy farmers in an attempt to energize his supporters. CBS News' Kelly O'Grady and Nikole Killion have more.