with us is ed lazear, former chairman of the president's council of economic advisers and headed a tax reform committee in 2000. ed, when you look at numbers and they beat expectations, are you surprised we're growing more jobs despite all these new regulations? i would call them job-killing regulations we have. >> well, we are growing, and i think that's a good sign. the fact that there are regulations, they seem to affect specific industries, and i'll talk about that in a minute. the overall picture i think is a positive one. it's big improvement from where we were a couple of years ago, as you know, this is a very slow recovery both in the job market and in terms of gdp in general. so this is a good sign, we are almost at normal recovery pace right now. taken us about five years, we are finally there, and so that is a good sign. the general picture is one that you see not only in the jobs numbers of the kind that we saw today, but also in other jobs numbers. one of the things i like to look at is data set called jolts, job opening and labor turnover survey, it looks at the number of

. >>> and former chairman of the council of economic advisers ed lazear weighs in on the jobs number.jan hatzius will talk about the future of the u.s. economy. >> nonfarm payrolls coming in better than expected 257,000. that was the headline. cnbc senior economics reporter steve liesman is here with more. i love how you get charlie's reaction right after -- >> right away. we don't wait sara. that's right. this is a big deal a game-changing report here. i think what it does among other things it puts that june rate hike back in play. the second thing is it shows how i think if you look at the details, the number we'll to that in a second it shows that the good effects of oil trump the bad effects of oil. and we'll see that in a minute. but first i want to give you those numbers that everybody's talking about. payroll's up 257, looking for only 237. but that's not the big story. the big story is those revisions. i think it's about 140,000-plus 329 and 423, that brings the three-month average to nearly 340,000. we thought it was 288 so, that's a step shift right there. unemployment tick