The Bureau of Labor Statistics reported 172,000
jobs added in May, beating forecasts of 85,000, with the unemployment rate
steady at 4.3 percent and April's gains revised up to 179,000.
Markets sold off sharply anyway, with the S&P
500 down 1.7 percent, Nasdaq over 3 percent, and over $1 trillion wiped from
stocks, as investors feared strong data would delay Federal Reserve rate
cuts.
The White House called it the best jobs day of Trump's second term, while Trump posted frustration that growth shouldn't mean inflation.