director of transportation, director of parks, the board of education director, vince courtney, who jim paulsenwe would also like to welcome our business associates and colleagues today. of course art swanson from the small business network. thank you for your commitment and for working with us to events are common goals. -- to advance our common goals. we could not sponsored today's key events without sponsors, so i would like to start by recognizing our presenting sponsor, j. p. morgan chase. we want to thank our host sponsor, pacific gas and electric. dignity howff, kaiser permanente . thank you to all of our sponsors. i am supposed to wait six seconds so everyone can read this list. have we screamed through that? it is quite a long period -- quite long. united airlines, union bank, and our media sponsors, the san francisco examiner and hers media services -- hearst media sponsors. thank you very much. i could not do it without you, so today we celebrate the successes this chamber has accomplished and the promise of greater successes ahead with our team this morning of prosperity, business,

jim paulsen is here.if continues efforts to stabilize the euro zone. charles will join us live to tell used ceo of smash burger is here to talk about the expansion and hiring practices. the unemployment holding at 8.3% after a solid but not monumental jobs number this morning. kelly evans is here with more insight on the big data point. kelly. >> i've been digging through the report. it's my favorite one. there's lots of good nuggets and often the headline doesn't tell you the story. pretty much good news still kind of speaking to the headline strength we saw. i want to throw out a couple of stats that may not have got as much press yet. look at the people that are job leavers, that's up to 8%. more people in that unemployed pool are new entrants, and they point towards workers gaining more confidence in their ability to find jobs. that's what we heard in a consumer confidence survey in the last couple of months. more people saying job market conditions are improving and to this point the number of people

jim paulsen joining us.lot of the losses of course we saw in the fourth quarter of last year. europe receded as a concern at least for now and the averages were very, very strong. but what does that mean from here? >> well, i think we just sort of reversed a couple fears last year that proved unfounded. and in some ways at 1400 we're basically 2% above the 1365 level we reached last year. so i don't know if we've done a lot. we've kind of been flat, but earnings have continued it to go up, interest rates have come down. in many respects stocks are still cheaper than they were when we were 1360 last year. i think we'll get a correction at some point. who knows. i just think it's going to be hard to call. what i would look to do is maybe change your allocations a little bit from stocks that have really done well in the first quarter and move a little capital down to stocks that have trailed a bit. but i would prefer on stay long in the market because i still think the environment surrounding the stock market a