Job growth numbers are in for the month of March and it’s a lot more than was predicted by the Dow Jones. President Trump has alrady made clear he is very happy with these numbers.

First, here’s the report from CNBC:

Job growth was stronger than expected in March, providing at least temporary reassurance that the labor market is stable, the Labor Department reported Friday.

Nonfarm payrolls increased 228,000 for the month, up from the revised 117,000 in February and better than the Dow Jones estimate for 140,000, according to the Bureau of Labor Statistics.

However, the unemployment rate moved up to 4.2%, higher than the 4.1% forecast as the labor force participation rate also increased.

Though the headline number beat estimates, the report comes against a highly uncertain backdrop after President Donald Trump’s tariff announcement this week that has intensified fears of a global trade war that could damage economic growth.

Stocks reacted little to the report, with futures tied to the Dow Jones Industrial Average off their lows but still down by more than 900 points while Treasury yields held sharply negative.

“Today’s better than expected jobs report will help ease fears of an immediate softening in the US labor market,” said Lindsay Rosner, head of multi-sector fixed income investing at Goldman Sachs Asset Management. “However, this number has become a side dish with the market just focusing on the entrée: tariffs.”

President Trump celebrated the numbers with a post on Truth Social, saying “GREAT JOB NUMBERS, FAR BETTER THAN EXPECTED. IT’S ALREADY WORKING. HANG TOUGH, WE CAN’T LOSE!!!”

 
Just before the numbers came out, Trump also sent a message to investors: