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Energy. those have all contradicted to a really, really strong economy. by the way, when you think about this, we have not only the lowest unemployment rate in 50 years. we have the lowest inflation rate in 50 years. you combine those two things that's a very healthy economy. i do want to put a little bit of asterisk on this, guys. i am a little worried about the manufacturing and industrial sector of the economy. that has slowed down. we lost 2,000 manufacturing jobs in the last report. construction numbers are pretty good. technology is doing well. and consumer spending is well. the one thin...

Generally speaking job growth has been very strong. >> it is and that is a good number. this number had a lot of noise in it, last month we had a government shut down but the workers were counted as employed even though they weren't getting paid because congress said they would pay them. so we were also double counting a little bit. february also even though it was seasonally adjusted had unseasonably bad weather. >> so construction numbers at the bottom, there was a loss in construction jobs. >> a big loss and that swing in construction accounted for a lot of that weakness. we have some weak ...

Hypocritical on this? >> no not on hypocritical. i don't think he viewed that as robust a recovery as should have been. >> how does that not chip away though at his credibility. his referring to basically the same number os it w numbers in the past that he laughed off, and now taking credit for it. >> i think he is seeing the trending numbers, that were not there, manufacturing, construction numbers are the highest we have seen for a decade. they were in these numbers not obama numbers, so i think he looks selectively and intricately, and undergirding and seen more from what it had been post w...

4.7%, that's considered full employment. >> melissa: do we read from the construction numbers in terms of optimism or -- >> it was a warmer month, so they are gearing for projects. i think it also has to do with expectations of the business community. as this is in general are feeling pretty confident about things. they're feeling confident about tax cuts, regulations. that is inspiring them to hire and higher and a more aggressive rate. >> melissa: one optimistic sign was wages, 2.8%. that is it something that been lagging. >> also the labor participation rate. the highest level since march o...

Remember? when real estate prices crashed. as an investor, do you want your money in buying bonds that pay 2% interest rate? i like investing in real estate. i think the american housing is going to continue to do very well. i hope so because i own two houses i am trying to sell so i have to get rid of that house. and by the way, if the housing market crashed like it did in 2008-2009 it would cause a recession. but so far the last three months the housing data has been good. new home sales are good, construction numbers are pretty good. look, i guess i am pretty happy where the u.s. is right n...