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Thrivent Report for Funding Activity Results Form

Thrivent Report for Funding Activity Results Form

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If we were to have a recession next year or here in the future, it would likely look very different from the financial crisis of 2008-2009. What would a recession, a recession next year potentially look like? Yeah, as you said, I think it would be a very different type of recession I already mentioned, you know, the pent-up demand for labor. There's more vacancies, 1.7 vacancies for every unemployed person right now. I think companies are going to be probably pretty slow to lay off employees, at least for a while. Some of you might remember the comments that I made at our last economic update around productivity, and I offered up a thought experiment. If everyone were just a few percent less productive, what would that look like? We'd have strong employment because you need more people. You'd have inflation because it's taking more labor to produce goods and services. You'd have declining real wages, which I think I mentioned. And then potentially also supply chain issues as there's pr

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