also joining us, john silvia of wells fargo. jeffrey gerace, let me start with you.ged with your research and manpower in the last 90 days? things. where are the job shortages and what is going on, that is critical as ever. on top of what we are seeing in the lack of participation in the labor market and employment coming down, you would start to think it would be wage inflation, and we will talk about this in a few seconds, but we are not quite seeing that yet. we are getting mixed signals in the market. at the same time, we are not seeing the wage inflation. >> what will it take to see wage inflation? >> you have to look at what is happening with a true growth perspective. we are seeing a lumpy gdp, and that is what is causing the employers to say, you know what, i am going to be very cautious. no anticipatory hiring but solid plans. but they keep trying to stretch them out. gdp growth, weat will not see wage inflation. labor,mobility of parsing of labor -- are we one america, or is there a subset that manpower works so much that some are doing better but others ar