“It was the fourth highest month for private payroll growth in the past two years,” she continued. “9,000 manufacturing jobs have been added to the economy already! This is a sharp contrast to the 6,000 manufacturing jobs that were lost each month in the final two years of the Biden administration.”
The inflation picture has also improved dramatically. The latest report showed the first consumer price decline since the COVID pandemic, driven by decreasing energy prices and real wage growth. Current inflation sits at 2.4%, significantly lower than the previous administration’s peak of nine percent.
Investment figures are equally impressive. The administration has secured $5.2 trillion in domestic and foreign investments since January. Major players like Apple, NVIDIA, Softbank, Oracle, and OpenAI are leading the charge. Notable among these is a historic $500 billion artificial intelligence infrastructure project involving Softbank, Oracle, and OpenAI.
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Private sector investments in the U.S. have topped $1.8 trillion, with major contributions from the pharmaceutical and energy industries. Hyundai alone has pledged $21 billion, projected to create around 100,000 jobs. Since President Donald Trump took office, foreign investments have surged past $3.3 trillion—over half the total—driven by countries like the UAE, Japan, Saudi Arabia, and India.
Bessent outlined new initiatives to boost domestic manufacturing, announcing full cost expensing for companies relocating factories to the U.S. “You can fully expense the equipment and the building,” he explained, adding that this would be coupled with “deregulation, cheap energy, and regulatory certainty.”
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