Steve Rattner, a well-known Wall Street financier, said on Monday that nearly all U.S. job growth since President Donald Trump‘s second term has come from the health care and education sectors, while manufacturing has lost more than 100,000 jobs despite the administration’s tariff policies.
Manufacturing Continues To Shrink
According to U.S. Bureau of Labor Statistics data shared by Rattner, the education and health services sector added about 1.1 million jobs between November 2024 and June 2026, accounting for the vast majority of employment gains.
By contrast, manufacturing payrolls declined by about 113,000 jobs during the same period.
“Despite promises to re-shore industry through tariffs, over 100,000 manufacturing jobs have been lost,” Rattner said in a post on X.
