The Headline Everyone’s Celebrating Private employers added 62,000 jobs in March, beating expectations by a wide margin. Economists were looking for 40,000. Instead, they got a number that suggests resilience. At least, that’s the story being told. But when you break it down, the real story isn’t about how many jobs were added. It’s about where they came from—and why that matters. The Small Business Surge That’s Carrying Everything The entire report hinges on one detail: Businesses with fewer than 20 employees added 112,000 jobs. Let that sink in. The smallest players in the economy didn’t just contribute—they carried the entire report. Because outside of that? Larger firms were cautious. Slower. More selective. That’s not broad-based confidence. That’s fragmentation. And…
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