bring -- david: let's bring back in alan krueger. you study these numbers carefully. page to look at labor force participation, which stayed constant. it does not look like workers are coming back to the labor force, in spite of the tight job market. that might contribute to slightly stronger wage growth, up 0.3%. president trump just lost a talking point on the african-american and implement rate, with that jumping up. a perfectly solid report, and i think it suggests the job market is continuing to heal. i would be surprised if the bond market did not take this into account. alix: it absolutely is. we are seeing a selloff pretty much across the bond market. you now have 30 year yields jumping higher than 3%. you had the 10 year yield over 2.8%. equities getting hit as well. dow jones futures off by 240 points. s&p futures off by 21. the dollar having a move as well. the dollar index jumping higher, up by zero point 4%. that is it. stronger dollar, weaker equities, stronger yields. is that what this is as we transition to a new normal? is this going to be our reality?