Trump touts private sector job growth, efforts to shrink federal workforce

Core Points - The Trump administration has successfully reduced the federal workforce by 100,000 employees since January, while private sector jobs have increased [1] - Government spending has decreased by 2.5% in the current quarter compared to the same period last year [1] - All new jobs created during Trump's administration have come from the private sector, emphasizing the importance of a strong private workforce [1] Private Sector Job Growth - The private sector added 42,000 jobs in October, exceeding expectations according to ADP [2] - From February to August, approximately 404,000 private sector jobs were added in the U.S. economy [4] Federal Workforce Changes - The federal workforce has decreased from 3.002 million in February to 2.918 million in August, indicating a reduction of at least 84,000 jobs since the beginning of Trump's second term [5] - Delayed reports from the Bureau of Labor Statistics may reveal further declines in the federal workforce [6] Government Initiatives - The Trump administration's DOGE initiative provided deferred buyouts to federal workers, allowing them to receive pay while effectively stopping work until the end of September [7]