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Investor Presentaiton

Labor Supply-Demand Imbalance is Improving: Moderating Wage Growth | Average Hourly Earnings More timely measures of run-rate wage growth, such as Average Hourly Earnings ("AHE”) from the Bureau of Labor Statistics' Employment Report, also highlight a normalization in wage increases back to pre-pandemic levels Average Hourly Earnings (“AHE”) Growth | Annualized Trailing 3M Average: 8.0% 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% Dec-14 Jun-15 Dec-15 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 - AHE All Employees Source: Bureau of Labor Statistics (Employment Report Establishment Survey) Dec-18 Jun-19 Dec-19 Jun-20 Dec-20 Jun-21 Dec-21 Jun-22 AHE - Production & Non-supervisory Dec-22 Jun-23 3.4% 3.4% 8
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