The United States expects an increase in demand for labor.
US Treasury Secretary Scott Bessent anticipates improvements in the labor market and a possible increase in demand for workers, driven by investments in AI and the activities of staffing agencies. He also emphasized the importance of financial system stability and the positive impact of private lending on the economy.
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U.S. Treasury Secretary Scott Bessent stated that he expects improvements in the labor market, which is currently experiencing low levels of hiring and layoffs. According to him, there are signs that demand for labor may increase in the future.
During his speech at the Dallas Economic Club, Bessent noted that last year, businesses significantly increased investments in data centers for artificial intelligence. He pointed out that typically, a rise in capital investment is followed by an increase in job creation.
It was also reported that staffing agencies are seeing higher profits and strong demand for their services. According to available data, such trends have previously led to long-term growth in demand for labor.
The Treasury Secretary also commented on the Supreme Court's decision, expressing the view that the process of returning funds could take weeks, months, or even years.
Additionally, Bessent addressed the issue of private lending, emphasizing that the government's role is to ensure the stability of the regulated financial system so that it is not affected by potential problems in the private credit sector. He added that, at present, private lending is having a positive impact on the economy.
