Bessent says U.S. has had 1 million private-sector jobs and is down 300,000 government jobs

Treasury Secretary Scott Bessent said "We have had 1 million private-sector jobs" and that the U.S. is "down 300,000 government jobs," according to a post by the Treasury Department on X on Thursday. [1]

Bessent said the country is seeing a manufacturing boom. "Last year, we were setting the table, and this year is the banquet," Bessent said. [1]

Bessent also said construction jobs are turning into manufacturing jobs, that fixed-asset investment is rising across the country, and that "Industry is coming back to the U.S." [1]

In a second post, the Treasury Department quoted Bessent on inflation. Bessent said "The reason we had this crippling inflation under the Democrats was they created a demand shock, but then the regulatory state constricted supply." [2]

Bessent said President Trump has created a private-sector demand shock through tax, energy and trade policy, while cutting regulation. "For every new regulation, we have cut 120. So we have created supply," Bessent said. [2]

In a third post, the Treasury Department linked to an interview of Bessent on Fox News' @IngrahamAngle, under the heading "WATCH IN FULL." [3] The posts did not specify the time frame or data behind the figures, and they have not been independently verified.