Trump has received a strong job report but not necessarily the way you definitely

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• Look closer to April’s job information A mood for the sustainability of the US economy, President Donald Trump may have more than rich approval. Again, capital markets, the fear of the degradation took a breath as facilitated, which will be able to use the leadership more in the upcoming trade talks.

Tariff uncertainty The fact that Friday is not expected Affairs Report The former Wall Street’s matte expectations are storm and the President Donald Trump requires victory. Stephen MiranThe best economic advisor of the President, went Bloomberg TV Trump was expected to be above the economy of 135,000 wage additions in 177,000 workplaces in the economy to celebrate the “success of their second work.”

Many economists and investors warn The worst effects The tariffs are still on the horizon, but if management cannot find get out of the ramp soon. Meanwhile, more closer to work information, if it is more of the organization of the US economy, more than the rich approval of the president’s economic plan.

For example, Trump tariffs are at least aimed at reconstruction of America in part industrial databaseand the President has signed a disposal On the first day of the Office, the call of adjustment to “release” America’s energy.

Friday, the bureau of labor statistics declare No change in industries such as employment production, construction, mining, mining, quarry and oil and gas production.

Instead, most of the new work came from industries that do not reflect the priorities of the management. The health sector added 51,000 jobs in April, the component of the private education and health services received 70,000 new employment, despite the fact that the cuts for the federal financing will be accepted for both industries.

Although Elon Musk, the “Government Efficiency” department chain The federal workforce increased to the sector, which lost 9,000 jobs in April and 26,000-January-total government work than the state and local recruitment.

These nuances did not stop the management of the report.

“Salaries continue to rise and the participation of the workforce is increasing,” White House spokesman Karoline Leavitt, in his statement Fortune. “That’s what we want to see. More Americans running for more wages. On the way to the more you win.”

Medium hour earnings increased by 0.2% with the forecast of the Wall Street 0.3%; The annual salary growth was 3.8% of the unchanged from March.

Good and Bad news for Trump

The labor market remains strong, but is unlikely to take the path when it comes to Trump’s interest rates. After the report, the President was sent The truth is social require Federal reserve Cut the policy rate to reduce debt costs for Americans.

However, most Wall Street saw the information as cementing the “waiting and vision” of the Central Bank. Fed, the majority of most traders meet next week, in June, according to the CME Group in June 25 years ago in June 25 years ago Fedwatch Tool.

Traders also reduced nutritions by selling bonds that are more attractive with the new debt, if the central banking interest rates. Revenue in the 2-year treasury, which rose to the bond price, is closely closing the ratio of federal funds, has about 13 main points in Friday afternoon. Jay Hatfield, Director General of the Management of Infrastructure, explained Fortune The chances of cutting the June ratio seemed far away.

“The only thing that intends to get them out of the dime, all labor market economists is weakening in the labor market,” he said.

Of course, the good job sheet cannot be all bad news for the president. After all this, there are no signs of tariff stress to the labor market, said Virginia, Virginima, Harris financial group management partner.

“If you intend to start the consumption of your economy and the consumption of your economy, this is the funds you want,” he wrote on Friday.

The stock market is still removed from the tariff Free Fall A relief in the beginning of the month breathed. S & P was 500, about 1.5% Friday afternoon.

“If the labor market takes back the most heated tariffs and the Trump leadership is the most heated tariffs,” Jeffrey Roach, Broker-dealer and wealth manager LPPL Financial wrote on Friday.

As for the TRUC’s taxes on import, many economists warn most economic influences. For example, he demonstrated salary information on Friday and added 29 thousand employees in April. Some economists have found this blow to importers if they were kept to collect the goods before the higher tariffs start this blow. Mass Work This month can hit the industry in one dramatic slowdown In global shipments, especially between the United States and China.

“This would be amazing when it is disappointed with the decline of the heads of the head of the head of the head of the head of the head of the head of the Panuel Macroeconomist, which is growing in the goods entered in US ports in the coming weeks.

May start visible in the report of next month.

This story was first displayed Fortune.com

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