and nariman behravesh, chief economist at i.h.s., an economic and financial forecasting company. well, lisa lynch you and i have certainly talked a lot about bad jobs numbers in the recent past can. we finally today talk about some good you ones? >> jeffrey, it's wonderful to be able to finally talk about a report where we're seeing good news across so many fronts. we saw as you reported increase in employment. we've now had 12 months of steady job growth out of the private sector. we have a drop in the unemployment rate. the biggest drop in the unemployment rate over the last three months since we experienced the 1980s. so we're seeing very sharp decreases in the unemployment rate. we saw hourly wages up just in line with inflation. we saw manufacturing continuing to roar back. we saw recovery in the construction sector. so this is the solid great news employment report that we've been waiting to see for about six months. and we need to continue to see this kind of a report for the next nine or 12 months to really feel like we're out of the woods. >> nariman behravesh, one of th

but economist nariman behravesh predicts reconstruction will ultimately give the economy a nice boost. >> at the end of this year and through next year, it could add as much as half to maybe even a full percentage point to growth of the japanese economy. so, it's actually going to be good news starting in about the third quarter. >> reporter: what will japan need to rebuild? in a word, "everything." japan does not produce any raw materials, and it will have to buy everything from iron ore to large scale machinery. urban planner and professor rae zimmerman says rebuilding japan will be one of the most difficult tasks the world has ever faced. >> one of the main challenges is rebuilding our infrastructure and housing and actually getting people to come back to an area that may be contaminated with radiation. this is going to be very unique to this situation. >> reporter: the rebuilding is expected to cost at least $200 billion dollars, adding to japan's already swollen debt. but experts say the country will figure out how to pay for it. >> japan is actually the world's largest creditor