Yet most swings in the economy will have bumpy trends, and do not move in straight lines.  Only a few months ago media and Dems were sure the economy was falling apart when stocks took setbacks due to the uncertainty when Trump first announced his tariffs. Yet recently all that was gone.

Recently it's been big reversals as stocks have been recording strong gains & reaching new highs for several weeks or months.  BUT today's job report is a new bump in the road, with disappointing jobs numbers. This will again impact stocks, with declines today, and embolden the Dems.  And media will be gloating, falsely assuming that Trump's economics are in trouble. 

Yet there's positive economic factors still in play, to overcome that new report.  For example:

• Tariff receipts are quite high, $150 billion so far this year.  And these $$$ will be growing.
• GDP is showing strong growth at 3%.
• Uncertainties of new tariff deals are finalizing--(also a breaking news story today), and becoming more firm for most nations across the globe.
• US workers are beginning to replace foreign deportees, as those deportations are mounting. 
• Foreign investments here in the $$$ trillions will begin to be reflected, as the months go forward, and ground breaking on new facilities gets rolling.

Also, it certainly does not help that the FED keeps interest rates high. Those high interest rates are generally intended to slow the economy, whereas low rates are designed to stimulate growth. Growth in the housing market is definitely needed now, with high housing prices slowing the progress of that market.  That disappointment can be reflected in stock prices.

Among your data, the unemployment rate at 4.2% was up from 4.1%.  Again a small bump in the road.   As the deportations are now ramping upwards, we can expect that turnover will produce a temporary effect on that number.    And in the summer there's the effects of teachers temporarily not working, again temporarily disrupting unemployment numbers.