Photo: Alamy
The jobs report for May just rolled in, and the outlook is rosy, highlighting good news for the Trump administration this week.
According to a report from the U.S. Bureau of Labor Statistics, the U.S. economy added 172,000 jobs in May, and the unemployment rate remained unchanged at 4.3 percent.
“With a great Jobs Report, like just announced, stocks should go up, not down,” President Trump said on Friday.
He added, “That’s the way it was for 200 years. Growth does not mean inflation! How else can a Country attain GREATNESS???”
CNBC’s on-air editor, Rick Santelli, praised the jobs report on Friday, remarking on air, “Is there any doubt that this anecdotal evidence about a good labor market has been very correct? That really is a strong number! And last month, well, we had a revision from 115,000 to 179,00, which means the two-month revision has gotta be over 90,000! That is a good number!”
U.S. Acting Secretary of Labor Keith Sonderling championed the winning numbers in comments to the “National Report.”
“A hundred percent of economists in one survey thought that jobs would come in around 85,000 – doubled, 172,000!” he remarked. “…They doubt President Trump, and when you doubt President Trump, you lose.”
The April jobs report indicated that the U.S. economy had added 115,000 jobs that month, with over 12,000 of those positions being construction-related amid what could be an upswell in demand for construction workers linked to the widespread construction of AI data centers and manufacturing.
This most recent 172,000 addition to the job force further comes on the heels of a first-quarter report, released in April, indicating that the U.S. economy grew by two percent in the first quarter of 2026, as reported by RSBN.