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the gdp number, gross national product name shows we're slowing. the number is not too surprising. let's remember the middle of september we cut off the supplemental unemployment benefits so the incentives for people not to go back to work disappeared so people, no surprise, started to look for jobs. and the growth in the government, very, very encouraging, there's 10.4 million job openings in america and only 7.7 unemployed so we certainly still have a lot of disruption in the labor market. griff: add into the inflation aspect, you're right, mitch, the unemployment rate dropping from 4.8 to 4.6. if you look here at this, you see inflation up 5.4% compared to wages just up 4.9%. what impact does that have? >> well, that's exactly it. and if you look at why we have

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