SQUAWK/NEWS
Account
Theme
Account
Menu
Live News LIVE ARTICLE H impact

Scott Bessent Says Over 1 Million Private Jobs Added, Federal Workforce Shrinks to 1960s-Era Low: 'Private Sector Is Driving America’s Economic Resurgence'

Treasury Secretary Scott Bessent is highlighting private-sector job creation and a smaller federal workforce, pointing to changes in the U.S. labor market since January 2025. On Wednesday, Bessent said in a post on X that more than one million private-sector jobs had been created since January 2025 while the federal workforce had fallen to its lowest level since the 1960s. He also said more than 1.3 million additional native-born Americans are working. The private sector is driving America’s economic resurgence. Since January 2025, more than one million private-sector jobs have been created while the federal workforce has been reduced to its lowest levels since the 1960s. At the same time, more than 1.3 million additional… — Treasury Secretary Scott Bessent (@SecScottBessent) September 23, 2026 Jobs Data The Bureau of Labor Statistics reported that total nonfarm payroll employment increased by 162,000 in August, while the unemployment rate held at 4.1%. Manufacturing employment increased by 16,000 during the month. The LinkedIn Workforce Report published last week said U.S. hiring rose 1.9% from July to August but was 6.5% lower than in August 2025. House Speaker Mike Johnson (R-La

S. labor market since January 2025. On Wednesday, Bessent said in a post on X that more than one million private-sector jobs had been created since January 2025 while the federal workforce had fallen to its lowest level since the 1960s. 3 million additional native-born Americans are working.

The private sector is driving America’s economic resurgence. Since January 2025, more than one million private-sector jobs have been created while the federal workforce has been reduced to its lowest levels since the 1960s. 1%. Manufacturing employment increased by 16,000 during the month.

S. 5% lower than in August 2025. ) also pointed to manufacturing activity that expanded for an eighth consecutive month in August. 6 million workers.

Read Also: Tesla Cybercab Goes Made in Texas as Elon Musk Highlights Locally Manufactured Nickel Cathode: ‘From the First Cathode Plant in the Americas’ Federal Workforce Billionaire investor Chamath Palihapitiya called the shrinking federal workforce "a very good sign for future innovation and economic expansion," saying innovation and economic growth are inversely correlated with federal bureaucracy. 674 million in August, about 336,000 below January 2025 and the lowest level since May 1966. " Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published editors.

Read Also: Dogecoin, Shiba Inu Rallied, but Pudgy Penguins Waddled Past the Dogs With 38% Weekly Returns Image via Shutterstock