Kevin Hassett

And so our expectation is that this is going to last just a little bit longer, and then things will get back to normal much faster than you could expect.

The bottom line is, though, that we've taken every possible measure to minimize the disruption along the way.

We have our eyes on the horizon.

So the last time the economy created more than 178,000 jobs overall was December 2020.

of 2024.

We've got the weapons that we've already got in place to do this.

And so we're not necessarily going to need any kind of supplement.

So we expect that the global economy is going to have a big positive shock as soon as this is over.

And we're still being briefed that it would be four to six weeks from the beginning and that we're ahead of schedule.

Yeah, there are a few.

First of all, we had the crazy weather in February.

The worst of it was actually outside of the survey week, but there was a lot of lingering junk, as you might recall, with the ice that was everywhere.

We had some strikes on the West Coast that knocked off between 30 and 40,000 jobs.

And so I think that on net, it's almost like a wash number.

And the final thing is that there's a new procedure, birth death model at the BLS, which we believe is going to make the number more volatile.

And so I think more and more we're going to have to average through the months.

And remember, we had a really surprisingly positive number last month.

And I think if you average the two, then it's about at the rate of job growth that's consistent with three or four percent GDP growth.

Yeah.

Yeah.