Trump Claims All Jobs Created During His Tenure Were From Private Sector

Summary

Trump claims his administration’s job creation is entirely driven by the private sector, citing a reduction of ~181k federal positions and private gains.Zhitong This narrative follows a disappointing Q4 2025 GDP print of 1.4% and data showing a contraction in manufacturing jobs.Sina Finance

Impact Analysis

He’s spinning the narrative to get ahead of that ugly 1.4% GDP print. By claiming all growth is private, he’s framing the government shutdown drag as a feature, not a bug.

The Signal: The ‘small government’ austerity is biting harder than the market priced in. We are seeing a structural rotation—federal payrolls are down ~180k while he’s actively courting Silicon Valley and Crypto with deregulation promises.Wallstreetcn

The Trade: This reinforces the short on government services/contractors (the source of funds) and the long on deregulation beneficiaries (Crypto, AI, Fintech). But watch the macro risk here—manufacturing is actually shrinking (-63k jobs), so the ‘industrial boom’ story is leaking. If the private sector doesn’t absorb these federal cuts fast enough, the resulting consumption hit will turn that soft GDP into a hard landing.