dr. kruger. [applause] >> thank you very much.'m glad you invited me rather than a robot to give my presentation today. whene meeting at a time the unemployed rate is down 4%. economic growth looks like it could be around 4%, yet there are many reasons to be concerned about the state of the job market. low,growth remains too wage growth is barely keeping up with inflation area labor force participation is too low. the u.s. has the second lowest labor force participation rate in the oecd. second only to italy. important, the economy is not generating enough opportunities for middle-class workers and for workers from more disadvantaged backgrounds. these problems have been with us for a long time. and a strong economy helps. when the economy turned down again, which it truly will -- surely will, -- is difficult to predict the future path of the economy. that theems to me future will not look very inferent from the present that we currently have a dynamic economy, various sectors are perpetually disrupt did and we are faced with havi