Achieving and sustaining maximum employment will require more than supportive monetary policy.

It will require a society wide commitment with contributions from across government and the private sector.

The potential benefits of investing in our nation's workforce are immense.

Steady employment provides more than a regular paycheck.

It also Bastos a sense of purpose, improves mental health, increases, lifespans and benefits workers and their families.

I'm confident that with our collective efforts across the government and the private sector, our nation will make sustained progress toward our national goal of maximum employment.

At present, we are a long way from such a labor market.

Fully realizing the benefits of a strong labor market will take continued support from both near term policy and longer run investments, so that all those seeking jobs have the skills and opportunities that will enable them to contribute to and share in the benefits of prosperity.