The April data show little threat of troublesome inflation or other signs of excess. The length of the average workweek actually fell, while wage growth for the month was slightly below what was expected. Still, with average hourly earnings up 3.2 percent from a year ago, ordinary workers are finally sharing in the economy’s bounty.

[The continued boom in the American job market suggests that economic policymakers need to be open about when the lessons of history no longer apply, says The Upshot’s economics correspondent.]

The not-too-hot, not-too-cold report was warmly received on Wall Street, where the S&P 500 closed up nearly 1 percent on Friday.

“We can all agree that AMERICA is now #1. We are the ENVY of the WORLD — and the best is yet to come!” Mr. Trump declared Friday on Twitter.

For policymakers at the Federal Reserve, the jobs report will most likely serve as another piece of evidence in favor of leaving interest rates unchanged, a stand that the Fed chairman, Jerome H. Powell, reiterated this week.

Mr. Trump has said the Fed should cut rates, and Vice President Mike Pence made the argument again on Friday, citing low inflation. But Mr. Powell and his colleagues have repeatedly said they will not be swayed by political considerations.

“The U.S. economy is in a very good place,” the Fed vice chairman, Richard Clarida, said in the text of remarks that he delivered on Friday. He also said recent employment gains appeared to be sustainable and were not a sign of an overheating economy.