labor participation rate in that report. it is ugly at this point. people have simply dropped out of the workforce. they have either been discouraged or giving up. we have a demographic change trying to be fair and balanced and take a look at all things into play here. this number is not a good one. does one bad number a trend make? you have to be careful to also point out last year we have seen over the last year the strongest job gains in the past two decades. so there are good parts and bad parts. the wage growth part of this looked a little bit better than expected. this is just not a good number and leads people to wonder what does the federal reserve do? as you know you talked about this. janet yellen has said that labor numbers job numbers are extremely important, one of the most important numbers on her so-called dashboard of economic data. are we going to see a rate hike this year? >> when you hear the white house