Seems like the media is missing a trend that we spotted last month: the hiring is going to come from smaller firms, as the larger firms lay off people, they overhired during COVID.

Smaller companies largely kept their powder dry during this period and rode out the pandemic. Sure, in some big Dem-run cities and states, there were closures, but it seems that most of those have all gone.  California and New York seem to have patches of masks and interference, but it’s minor nationally.

But the bulk of the hiring increase in January, in our opinion, came from smaller firms deciding to hire that extra person in January, because they’re relatively optimistic about 2023. Hiring was spread all over the categories, with hospitality leading the way.

Our guess is that, if these firms continue to think the economy is at least ok, they’ll keep the hires and consider more in the June/July timeframe.

There are some early signs that the Biden Bunch might free up some energy, as they realize for 2024 what a miscalculation they’ve made. The baloon incident, being and incompetent negative, might push the energy drilling.

We’ll see.