00:00A blowout jobs number. How much momentum is in this economy? Yeah, you mentioned the word momentum and that was
00:07exactly when we were talking about today's number last night with the president. Momentum was really the key theme of
00:13the briefing that Pierre, the CEA chair and I discussed with the president. The fact is that there's so much
00:19momentum because of all the positive policies, the deregulation, the low tax rates and that you're seeing all the positive
00:26stories about no tax on tips and no tax on overtime.
00:30I, by the way, was at a restaurant yesterday and I asked all the waiters how much money they made
00:33on the no tax on tips and the range was from three thousand dollars to ten thousand dollars and they
00:37were all so happy. So that's like a positive momentum creating thing that I think if you have your eye
00:44on the horizon as America's corporations do absolutely explains why job markets are booming. And so I think that if
00:52you keep your eye on the horizon, if you understand the long run growth, the golden age is coming because
00:56of our policies, then this jobs number makes complete
00:59sense. The final thing I want to say is I want to tip my cap to my former colleague in
01:04the Trump White House in the first term, Anna Wong, who's now the chief economist for you guys.
01:09You know, I always read everything she writes, but at the beginning of the week, she said almost exactly this
01:13is what's going to happen. And she was the only person in the universe that did it.
01:17I commend her because she's got a great model and she got the number almost exactly right. And finally, in
01:23her report, she said, if you really want to wonder about momentum, you can also look at the three month
01:27moving average because we had like that that big blip down in the previous month.
01:31And she said with her really optimistic outlook, it was going to go up to 61,000 average per month.
01:37And it's actually closer to 68,000 now. And so it really is a very, very positive day.
01:4268 on the money, the three month average. Anna was looking for 150 headline today. We got 178.
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