Almost a week having gone by we are two, four six. We are now 2. 389. Lets get to our road map this morning. As you expect it starts with the employment number. A steady increase in jobs added last month. Unemployment ticked down to 5. 3 . Perhaps some worries as the Participation Rate slowed. As we head into the weekend, no deal insight for greece. Finance member is threatening to quit if the vote is yes. We will get information live from the market. Deals continue in health care and paypal buying zoo. Here are the numbers for the jobs. Nonfarm payroll, up 223,000. Gains in april and may, revised downward. The Unemployment Rate fell to 5. 3 a sevenyear low. The labor Participation Rate declined as low as it has been since 77. Wage growth stalled. Average Hourly Earnings came in flat. Later this morehour, we are going to look at the obama administrations numbers. We sat down here. He said not so great. Not so great on the headline number. A little disappointing. Still under 2000. They
May be removed from the meeting. Cell phones on vibrate cause micro phone interference. Approval of minutes for january 3 regular meeting. Motion to approve. Second. All in favor say aye. The ayes have it. Item 5, communication. I know of none. Item 6, introduction of new or unfinished business. I like to [inaudible] i nominate Malcolm Heinicke. For chair . I thought we were doing both at the same time. We are just doing the chair. Any members care to address the board . Seeing nonenominating cheryl to do it this she is dedicated and knowledgeable person. The agency and staff and colleagueerize very fortunate to have sheryl step in. She is knowledgeable about mta and transit agencies around the country and world. She is very artechulate advocate for the goals of the agency and spend Many Community meetings during the year so will be a outstanding member of the board. All in favor of Cheryl Brickman say aye . Opposed . Thank you. [applause]. Call for election of the vice chair. We have
Have a quorum. Announcement of sound producing devices. Ringing of and use of cell, phone pagers and devices are prohibited. Any person responsible for the ringing and use of cell phone and pager or any other device may be removed from the meeting. Cell phones on vibrate cause micro phone interference. Approval of minutes for january 3 regular meeting. Motion to approve. Second. All in favor say aye. The ayes have it. Item 5, communication. I know of none. Item 6, introduction of new or unfinished business. I like to [inaudible] i nominate Malcolm Heinicke. For chair . I thought we were doing both at the same time. We are just doing the chair. Any members care to address the board . Seeing nonenominating cheryl to do it this she is dedicated and knowledgeable person. The agency and staff and colleagueerize very fortunate to have sheryl step in. She is knowledgeable about mta and transit agencies around the country and world. She is very artechulate advocate for the goals of the agency
Meetings during the year so will be a outstanding member of the board. All in favor of Cheryl Brickman say aye . Opposed . Thank you. [applause]. Call for election of the vice chair. We have a nomination . I know this is surprising but like to nominate Malcolm Heinicke. Any other nominations . Members of the public have comments . Seeing none. I like to say we are very fortunate malcolm stepping into the position. So knowledgeable and dedicated and thoughtful and not afraid to take on hard issues. That is the bft benefit of the agency and city. If no other comments i will call the question. All in favor of Malcolm Heinicke for vice chair . Opposed . Here it isi cant believe im giving this up. I was just getting the hang of this thing. Thank you. I want to thank tom nol frn nolan for his service for 8 years. He led through change jz been a calm and thoughtful voice and honored to work with him and call him a friend. His leadership shaped my time as vice chair and will continue to shape
January 3 regular meeting. Motion to approve. Second. All in favor say aye. The ayes have it. Item 5, communication. I know of none. Item 6, introduction of new or unfinished business. I like to [inaudible] i nominate Malcolm Heinicke. For chair . I thought we were doing both at the same time. We are just doing the chair. Any members care to address the board . Seeing nonenominating cheryl to do it this she is dedicated and knowledgeable person. The agency and staff and colleagueerize very fortunate to have sheryl step in. She is knowledgeable about mta and transit agencies around the country and world. She is very artechulate advocate for the goals of the agency and spend Many Community meetings during the year so will be a outstanding member of the board. All in favor of Cheryl Brickman say aye . Opposed . Thank you. [applause]. Call for election of the vice chair. We have a nomination . I know this is surprising but like to nominate Malcolm Heinicke. Any other nominations . Members