rajappaus is subadra and alan krueger. solid? this is below what was expected. s rate was 2.6, not 2.8. do you still think it is solid? alan: this is perfectly solid. pretty small. last month's revision, if you add that we are on expectation. labor force is, if you would have asked people, unemployment percentuld drop to 3.9 and labor force participation rate is down over the last year, president trump ran on raising labor force participation. none of the policies are focused on bringing people back to the labor force. the market should focus on that. it suggests we will hit speed bumps when it comes to expansion. sooner or later we will be running out of workers if the recovery continues. that will put oprah pressure on wages. the wage numbers are a disappointment. pressure on wages. the wage numbers are a disappointment. the chief krueger was economist for president obama, we should note that. these look disappointing, even though they are solid? subadra: that is reflected in the lower unemployment rate. they .9%. the consensus going into the report was 4%. the

we had alan krueger write a note on the rigid market and ways to make them more inclusive. wrote a piece on millenials say they are no longer part of the middle class and others in this room write us notes as well. i think we made them available here. take a look at them. and they are from different groups. we are not trying to pre-determine the outcome here. folks, we are here today for a simple reason to talk about the middle class. but i'm asked why is it worth to talk about the middle class and why the middle class in the first place? and i think it is a fairly question to ask. the reason for our social and political stability in no small part is because we have had a strong aspiring and growing middle class and accounts for much of our stability. americans are more connected when they share economic circumstances and we know the other man or woman is facing the same struggles. i think a strong mid the class breeds opportunity. we are starting to see more of that, proof of that in studies that opportunity and communities that allow for people to move up the economic lad

we had alan krueger write a note on the rigged labor market. we have had posts on ways to make the middle class more inclusive. last week, peter levine from tufts wrote a piece on how millennials no longer feel like they are part of the middle class. we have had others, some of you in this room, write for us as well. i encourage you to take a look. we've made them available. they are from different groups. we not just trying to determine -- predetermine the outcome. we are here today for a simple reason -- to talk about the middle class. i often get asked, why is it worth talking about the middle class? why is there so much being written on it and focused on it? i think it is a honest question to ask. from where i sit, the reason for our social and political stability in no small part has been because we have had a strong and growing middle class. it accounts for much of our stability. americans are more connected when they share economic circumstances, when we know that the other man or woman is facing the same struggles and has the same oppor

we had alan krueger write a note on the rigged labor market. we have thought about ways to make the middle-class more inclusive. peter devine wrote a piece on millennials, how they no longer feel like they are a part of the middle class. others in this room right notes for us as well. i encourage you to take a look at them. i think we made them available here. groups, from disparate left, right, center. we are not trying to pre-determine the outcome here. folks, we are here today for a simple reason, to talk about the middle class. i often get asked from the start, why is it worth talking about the middle-class? why is there so much being it and focused on it today reppo where i sit, the reason for our social and political stability in no small because we have had a strong, aspiring, and growing middle class, and it accounts for much of our stability over the last 100 years. americans are more connected when they share economic circumstances, and when we know the other man or woman is facing the same struggles and has had the same opportunity f

we had alan krueger, write a note on what he called the rig labor market.we've had several posts on ways to make the middle class more inclusive. lastly, peter levine, wrote a piece on how the millennial do not feel part of the good and some of you as well. i encourage you to take a look. i think we made them available here. take a look at them. and this group, left, right and center. we're not just trying to determine or predetermine the outcome here. folks, we are here today for a simple reason. to talk about the middle class. i often get asked from the start, why is it worth talking about the middle class? why is there today, so much being written on this and focus document why in the first place? i think it is a fairly honest question to ask. from where i sit, i think the reason for our social and political stability in no small part, has been because we had a strong, inspiring and growing middle class. i think it accounts for much of our stability over the last 100 years. americans are more connected in relation to economic circumstances. when we know

we had alan krueger write a note on the rig -- what he called the rigged labor market, several posts on ways to make the middle class more inclusive. last week peter hevine from tufts wrote as piece on how millennials no longer feel like they're part of the middle class and we've had others, some of you in this room, write note for us as well. and i encourage you to take a look at it. i think we made them available here. take a look at them. and they're from groups, left, right and center, we're not just trying to determine -- predetermine the outcome here. folks, we're here today for a simple reason, to talk about the middle class but i often get asked from the start, why is it worth talking about the middle class? why is there today so much being writ on it and focused on it? why the middle class in the first place? i think it's a fairly honest question to ask. from where i sit, i think the reason for our social and political stability in no small part has been because we have had a strong, aspiring and growing middle class. i think it accounts for much of our stability over the la