Investor Presentaiton

Using QWI to study employment trends after Hurricane Maria • Hurricane Maria hit Puerto Rico on September 2017 (2017Q3) • This research looks at the recovery through 2019, before the COVID-19 pandemic affected employment across the nation. • • All analysis employs "beginning of quarter" employment figures The Ul records underlying QWI just include total earnings in each quarter for each worker at each covered job, but we often want to observe a stock of employment QWI infers "beginning of quarter" employment based on positive earnings on either side of a quarterly boundary United States Census Bureau 4

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