Key facts
- President Trump stated that strong jobs reports historically lead to stock market increases.
- The U.S. economy added 172,000 jobs in May.
- The unemployment rate held steady at 4.3% in May.
- Trump declared the economy is booming and it's 'raining jobs.'
President Trump highlighted the stronger-than-expected jobs report as a sign the U.S. economy is booming, declaring that it's 'raining jobs.' He stated that strong jobs reports historically lead to stock market increases. The U.S. economy added 172,000 jobs in May, handily beating economists' expectations. The unemployment rate also held steady at 4.3 percent, according to data released by the Labor Department.