Economic data

As of November 2010Reflective of the October 2010 National Jobs Report from the Bureau of Labor Statistics

Private sector growth continues

0

-3

-6

-9%2 4 6 8 1210 14 16 20+

Months of job losses

Unemployment LinesCumulative job loss in selected recessions, as a percentage of total jobs

JOBS GAINED IN OCTOBER

UNEMPLOYMENT RATE

WORST UNEMPLOYMENT RATE SINCE

151,000

9.6%

1983

0

-3

-6

-9%2 4 6 8 1210

Months of job losses

1945

1948-49

1953-54

Currentrecession

1981-82

1973-752001

18

Unemployment rate remains unchanged at 9.6%

Source: Labor Department

0.0

2.0

4.0

6.0

8.0

10.0

12.0A

ug-0

8S

ep-0

8

Oct

-08

Nov

-08

Dec

-08

Jan-

09F

eb-0

9M

ar-0

9

Apr

-09

May

-09

Jun-

09Ju

l-09

Aug

-09

Sep

-09

Oct

-09

Nov

-09

Dec

-09

Jan-

10F

eb-1

0

Mar

-10

Apr

-10

May

-10

Jun-

10Ju

l-10

Aug

-10

Sep

-10

Oct

-10

Per

cen

t

Change in non-farm payrolls for October 2010

Source: USAToday.com

Continued private sector business gains are needed for growth

Leis

ure

& H

osp

italit

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Const

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Manufa

cturi

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eta

il

Legal

Acc

ounti

ng

Arc

hit

ect

ure

/Engin

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Finance

IT/T

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nic

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Healt

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Tem

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+5

-7 -5

+27.9

-.3 -4.7 0+2.6

+7.5

+24+35

In thousands

Sector changes for October

9.6%

4.7%

8.5%

10.1%

15.3%

National average

College educated

Some college

High school diploma

Less than high school

Education continues to be the job search differentiator…

Regional unemployment snapshot…

7.3%7.7%7.8%7.9%

8.2%8.5%8.7%8.7%

9.4%9.4%9.5%

10.0%10.5%

11.8%12.1%

13.4%15.0%

BostonMilwaukeeBaltimore

DallasHouston

New York Philadelphia

SeattleChicago

ClevelandSt. Louis

AtlantaSan Francisco

Los AngelesMiamiDetroit

Las Vegas

Weekly earnings increase by 3.5% compared to October 2009

Source: CNNMoney.com

Surprising job growth, Yet steady unemployment rate

Source: CNNMoney.com

Comparing recoveries: Job changes

Source: NYTimes.com

The October jobs report brought significant private sector job growth with unemployment remaining steady…

Opportunities• The growth of private sector jobs pleasantly surprised economists, more

growth will be needed to lower the unemployment rate.• As the holiday season approaches, this year the retail sector is performing

even stronger than in past years with employment rising by 27,900 jobs in October.

• Increased weekly earnings indicates positive economic growth and could indicate increased consumer spending

Weaknesses• Government job cuts account for most of the 8,000 public sector jobs losses• The unemployment rate remaining stagnant at 9.6% is a sign that although

jobs are being added to the economy, they are not being creating quick enough to counteract the increase in job seekers looking for new employment

In summary