[Betsant Says Private Sector Has Created Over 1 Million Jobs Under Trump Administration] U.S. Treasury Secretary Bessant stated that under the President's leadership, the private sector has created over 1 million jobs. Real wage growth has outpaced inflation. The lowest 25% of earners have seen higher wage growth than the highest-earning group. The Working Families Tax Cuts Act has directly benefited millions of low- and middle-income Americans with the largest share of tax breaks.