And recall that last month what happened was that there was a kind of strange seasonal adjustment problem. And so there was a big reduction in employment for teachers.
And we knew that was going to come back once school started up and that we'd have a strong number. But this number skyrocketed
so much more than we expected. To put it in perspective,
Bloomberg surveyed 77 economists
and said, what do you think the jobs number is gonna be? And this blew past every single 1 of them. All 77
got the number wrong and by a lot. This number's 4 standard deviations above the average of their forecast.
This is 1 of the best numbers relative to expectation that I've ever seen.
