A stock market hitting record highs. Foreign corporations announcing big new plants in the United States. And robust hiring that has brought the unemployment rate to a 16-year low.

That convergence added up to a solid economic report card on Friday that President Donald Trump was happy to present to the nation as a sign of good work.

On the hiring front, the Labor Department reported that 209,000 jobs were added in July, somewhat above Wall Street economists’ expectations, with the unemployment rate matching May’s 4.3 percent, the lowest since early 2001.

Hours earlier, two Japanese automotive giants, Toyota and Mazda, said they would locate a new factory at an undetermined United States location that will employ about 4,000 workers, a trophy in Trump’s campaign to reverse the flight of U.S. manufacturing jobs.

And the Dow Jones industrial average reached another high, two days after it closed above 22,000 for the first time.

As all that positive economic news ricocheted through Wall Street, on social media and around office cubicles, conversation inevitably turned to one question: How much credit does Trump deserve?

In a series of early-morning tweets, the president claimed quite a bit.

On the hiring news, he declared, “Excellent Jobs Numbers just released — and I have only just begun.” Earlier, in addition to saluting the “great investment” by Toyota and Mazda, he noted, “Consumer confidence is at a 16 year high …. and for good reason.” Both tweets pointed to a looser regulatory environment as a factor.

Of course, as economists are fond of saying, correlation is not causation. Many of the trends Trump is benefiting from — falling unemployment, steady hiring, a rising stock market — were firmly in place under his predecessor, Barack Obama.

And in the case of Friday’s jobs data, Trump is citing figures he called phony not long ago on the campaign trail.

In the end, there is no way to quantify exactly how much credit the president is due for attracting foreign investment or encouraging the creation of jobs here instead of overseas.

But even some skeptics of his overall approach concede that Trump’s promises of tax reform and higher infrastructure spending, as well as pressure to boost domestic manufacturing, are resonating in boardrooms in the United States and abroad.