Bessent says private sector added over one million jobs since January 2025
Treasury Secretary Scott Bessent credited private-sector hiring and rising wages for the economy's strength, but he cited no underlying data in his posts.
What we know
- Treasury Secretary Scott Bessent said in a post on X that more than one million private-sector jobs have been created since January 2025. [2]
- Bessent said the federal workforce has been cut to its lowest levels since the 1960s and that more than 1.3 million additional native-born Americans are working. [2]
- In remarks posted by the Treasury Department, Bessent said the day's PMI figures were the strongest since 2021 and that wage growth is substantial and will continue. [1]
- Not yet confirmed: Neither post gives the underlying data, the source of the figures or the specific PMI reading. The claims come from Bessent and have not been independently verified.
Treasury Secretary Scott Bessent said the private sector is driving an economic resurgence in the United States, citing job growth, a smaller federal workforce and rising wages.
In a post on X on Wednesday, Bessent wrote that more than one million private-sector jobs have been created since January 2025 [2]. He said the federal workforce has been reduced to its lowest levels since the 1960s [2].
Bessent also wrote that more than 1.3 million additional native-born Americans are working [2]. He described these developments as signs of an economy powered by investment, opportunity and American workers [2].
The Treasury Department later posted remarks from Bessent on its own X account. "We saw the PMI numbers today—the strongest since 2021," he said [1].
Bessent said the country has "seen over a million private-sector jobs created" and is "seeing real wage growth" [1]. He contrasted that with the Biden administration, saying "we had negative wage growth" under it, and said the current wage growth "is going to continue" [1].
The posts do not say where Bessent made the remarks. They do not identify the source of the job and employment figures or give the PMI reading he cited. His comparison with the previous administration is his own characterization.
RECEIPTS · 2 SOURCES
- 1POST ON X · @USTreasury (Treasury Department).@SecScottBessent: “We saw the PMI numbers today—the strongest since 2021. We have seen over a million private-sector jobs created. We are sOpen source ↗ Archived copy
- 2POST ON X · @SecScottBessent (Treasury Secretary Scott Bessent)The private sector is driving America’s economic resurgence. Since January 2025, more than one million private-sector jobs have been createdOpen source ↗ Archived copy