Investor Presentaiton

1 Pace of Job Growth is Slowing While job growth remains robust, at nearly double the baseline rate implied by population growth alone, it has materially decelerated from a pace of ~350K monthly job additions in the beginning of the year to ~200K monthly job additions today Nonfarm Payroll Job Additions (new jobs in millions): 900 800 700 600 500 400 300 200 100 0 Sep-21 Nov-21 234 Jan-22 Mar-22 May-22 Jul-22 Sep-22 Nov-22 Jan-23 Mar-23 May-23 Jul-23 Sep-23 Monthly Nonfarm Payroll Job Additions Source: Bureau of Labor Statistics (Employment Report Establishment Survey) Trailing 6 Month Average 11

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