Investor Presentaiton

Job growth by education level GEORGETOWN UNIVERSITY Center on Education and the Workforce McCourt School of Public Policy • Out of the 11.6 million jobs created in the post- recession economy, 11.5 million went to workers with at least some college education. Graduate degree holders gained 3.8 million jobs, bachelor's degree holders gained 4.6 million jobs, and associate degree holders gained 3.1 million.* Employment of workers with a high school diploma or less only grew by 80,000 jobs. * No national data exists for certificate holders. 60×30TX 11 Workers with a bachelor's degree have added 8.4 million jobs, but workers with high school diplomas or less added only 80,000 jobs Employment Change (millions) -6 -8 10 Recession 8 6 Gained 187,000 jobs Lost 5.6 million jobs Lost 1.8 million jobs Recovery Gained 8.4 million jobs during the recovery Gained 3.1 million jobs during the recovery Gained 80,000 jobs during the recovery Dec-07 May-08- Oct-08- Mar-09- Aug-09- Jan-10- High school or less Ol-unr Nov-10- Apr-11 Sep-11- Feb-12- Jul-12- Dec-12 May-13 Oct-13 Mar-14 Aug-14 Jan-15 Jun-15 Nov-15 Apr-16 Associate's degree or some college Bachelor's degree or higher Source: Georgetown University Center on Education and the Workforce analysis of Current Population Survey (CPS) data, 2007-2016. Note: Employment includes all workers age 18 and older. The monthly employment numbers are seasonally adjusted using the U.S. Census Bureau X-12 procedure and smoothed using a four-month moving average.. 60x30TX 12 6

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