I would say the vast majority are not in a day labor-type scenario. Contractors and employers have a need for good workers, and once they find them they keep them.

When those projects started, the builders, the developers could not find the labor force. And as the word got out it traveled fast, and so people started coming. As people started coming, they said, 'Hey, there's a lot of work here,' and so that's what sort of triggered it.

That's not unusual for the labor force to drop like that in January.

The reality is that the overwhelming majority of women are working and they're going to be part of the labor force for a long time. While they may choose to take time off, they're doing things that women in '60s weren't doing.

Inflation hawks may be eating crow today. Despite their fears of tight labor markets and a strong economy, inflation is only creeping, not accelerating. I don't think that this report assures that the Fed tightening cycle is over, but I wouldn't be surprised to see rising market expectations of a rate cut. With most prices in check and energy prices easing, this report is about as good as it gets.

Ten thousand times has the labor movement stumbled and bruised itself. We have been enjoined by the courts, assaulted by thugs, charged by the militia, traduced by the press, frowned upon in public opinion, and deceived by politicians. 'But notwithstanding all this and all these, labor is today the most vital and potential power this planet has ever known, and its historic mission is as certain of ultimate realization as is the setting of the sun.