The US economy added over 175,000 jobs in April, far surpassing forecasted job growth. Wages and the labor-force participation rate also rose.
Analysts had forecast that the economy would add nearly 45,000 fewer jobs—133,000—than the actual total of 177,000.
The figures were released as part of the Bureau of Labor Statistics’ latest jobs report, and reflect the first nearly-full month of Trump’s “reciprocal” tariffs, which sent a shock through global markets and caused outrage and consternation among President Trump’s opponents when they were announced on 2 April.
President Trump subsequently paused the majority of his increased tariffs, but has maintained an elevated rate of 145% for Chinese goods, with some exceptions.
In response to the report, White House Press Secretary Karoline Leavitt said, “This is the second month in a row where the jobs report has beat expectations. Wages are continuing to rise and labor force participation is increasing. This is exactly what we want to see. More Americans working for higher wages. More winning is on the way!”
In a post on Truth Social, President Trump also hailed the effects of his flagship policy on the economy.
“Gasoline just broke $1.98 a Gallon, lowest in years, groceries (and eggs!) down, energy down, mortgage rates down, employment strong, and much more good news, as Billions of Dollars pour in from Tariffs,” Trump wrote.
“Just like I said, and we’re only in a TRANSITION STAGE, just getting started!!! Consumers have been waiting for years to see pricing come down. NO INFLATION, THE FED SHOULD LOWER ITS RATE!!!”
Last week, the President said income tax could even be abolished for earners under $200,000, a promise he also made on the campaign trail.
Last week, President Trump said income tax could be abolished for those earning under $200,000, as a result of the income earned from his “reciprocal” tariffs.
“When Tariffs cut in, many people’s Income Taxes will be substantially reduced, maybe even completely eliminated,” Trump posted.
“Focus will be on people making less than $200,000 a year. Also, massive numbers of jobs are already being created, with new plants and factories currently being built or planned. It will be a BONANZA FOR AMERICA!!! THE EXTERNAL REVENUE SERVICE IS HAPPENING!!!”