What Are Your Thoughts on Unemployment?

The luxury part of the market, or you could say within ultra high net worth, is not as sensitive to inflationary pressures. But I think some of the interesting things happening from retailers are quite curious in terms of that trade down effect. And so I think those spending patterns, it's not just at one part of the economy, it's starting to trickle through in all areas. Chris, what are your thoughts on unemployment and just the job market in general? It's incredible how tight the labor market is around three and a half percent.