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LONG-TERM PUZZLE >> GREAT, WANT TO THANK YOU ALL. AND SAYS HERE WE'RE GOING TO SEE YOU ALL AGAIN IN A FEW MINUTES, IS THAT TRUE LET'S CONTINUE THIS CONVERSATION WITH TWO MORE GUESTS AUSTAN GOOLSBEE, A PROFESSOR AT THE UNIVERSITY OF CHICAGO'S BOOTH SCHOOL OF BUSINESS, AND TYLER GOODSPEED, AN ADJUNCT SCHOLAR AT THE CATO INSTITUTE AND A HOOVER INSTITUTION FELLOW. AUSTAN, IN THE OLD DAYS, I ALWAYS THOUGHT THAT WERE YOU ON THE LOW END OF HOW MANY JOBS WE GOING TO ADD DID THIS SURPRISE YOU TODAY? >> IT TOTALLY SURPRISED ME THIS IS A JAW-DROPPING NUMBER. THERE HAS NEVER BEEN A TIME WHEN WE GOT THE UNEMPLOYMENT RATE DOWN THIS LOW, WHERE WE'RE ADDING 500,000 JOBS. I THOUGHT THAT, GIVEN ALL THE RATE INCREASES, THAT WE WOULD PROBABLY HAVE A DISAPPOINTMENT OR A MISS. YOU ARE NEVER GOING TO HEAR ME CRITICIZE A JOBS NUMBER WHERE WE GOT A HALF MILLION JOBS. I WOULD HIGHLIGHT THERE ARE TWO AREAS OF NOT WEAKNESS BUT DANGER THE FIRST IS, IF YOU'VE GOT GDP SHRINKING WHEN YOU'RE ADDING JOBS...